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Ukrzaliznytsia has secured loans of €480 million from the EBRD.

Укрзалізниця отримала кредити від ЄБРР на суму €480 млн.

This was announced by the Minister of Community and Territorial Development, Alexey Kuleba, in his Telegram.

As part of the signed loan agreements under state guarantees, Ukrzaliznytsia will receive a record €480 million from the EBRD for the purchase of electric locomotives and the construction of a distributed electricity generation network.

“The first project will focus on updating the fleet of electric locomotives. The current fleet has long surpassed its operational lifespan. The EBRD will provide a loan of up to €300 million for the purchase of dual-power electric locomotives. It is crucial that the equipment selected through an open and transparent tender operates reliably and sustainably,” Kuleba wrote.

The second project is aimed at ensuring a stable supply of electricity to the electric locomotives.