Interfax-Ukraine
15:54 30.11.2016

Ukrzaliznytsia ready to use funds from raising tariffs for investment program

1 min read
Ukrzaliznytsia ready to use funds from raising tariffs for investment program

PJSC Ukrzaliznytsia is ready to sign a memorandum with cargo owners, in which it will undertake the obligation to use funds obtained from the planned increase of tariffs for cargo transportation for implementation of the investment program and updating the rolling stock.

According to an Interfax-Ukraine correspondent, company head Wojciech Balczun voiced this initiative at a roundtable dedicated to the issues of tariff formation on the railway, which took place in Darnytsky wagon repair plant in Kyiv.

"We need funds for investment, and we are ready to sign a memorandum and undertake the commitment that we will spend funds from the increase of tariffs on the investment program and do it completely transparently," he said.

MP Volodymyr Husak, present at the roundtable, noted the reasonableness of such an initiative but stressed that before that Ukrzaliznytsia should explain in detail for what purposes funds from cargo carriage tariff increase were used in the previous years.

A presentation was made during the round table, according to which Ukrzaliznytsia could in 2017 get UAH 10 billion from raising freight carriage tariffs.

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