Ukranian Railways cuts investment program by 85% this year
Published: Tue, 2015-02-03 13:22
Comparing to 2014
Ukranian national railway carrier Ukranian Railways plans to invest about 2.435 billion hryvnia (US$150 million) in its development this year, according to the company.
This will be by about 85% less than the volume of investments for 2014, which amounted to $870 million.
It is planned that the majority of funds for the implementation of the company’s investment program will be provided by the Ukranian banks in the form of loans, while the remaining will account on state investments and the own funds of the company.