Ukraine Secures EBRD Funding for Railways Project

The European Bank for Reconstruction and Development will provide USD62.5 million for the purchase of freight wagons to help rehabilitate Ukraine's state railways system. The funding, which is committed under the bank's regionwide response to mitigate the worldwide economic crisis, will be administered by the State Administration for Railway Transport of Ukraine. "The project is aimed at renovation of UZ's ageing fleet, which has become a critical bottleneck of the country's transport system," EBRD's Infrastructure Business Director Thomas Maier said in a


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