EBRD eyes EUR 130 mln loan for Ukrainian Railways, port concession – ministry
JSC Ukrainian Railways, together with the European Bank for Reconstruction and Development (EBRD), approved amendments to the loan agreement for the Ukrainian Railways (Ukrzaliznytsia) project, allowing EUR 130 million of the already agreed EUR 180 million loan to be directed toward maintaining the company's liquidity, in particular, restoring infrastructure and ensuring passenger and freight…
The European Bank for Reconstruction and Development (EBRD) is considering a loan of up to EUR 130 million for Ukraine's Ukrainian Railways (Ukrzaliznytsia) and port concessions, according to a meeting with Ukrainian Minister for Restoration, Infrastructure and Transport Mykola Kalashnyk. The loan, part of the EUR 180 million already agreed, would be used to maintain the company's liquidity, restore infrastructure, and ensure transportation of people and cargo.
Kalashnyk emphasized that urgent funding is needed for Ukrainian Railways, which has lost 550 locomotives since Russia's full-scale invasion, with more than 335 damaged this year alone. The meeting also touched on additional financing for a 200 MW gas-fired generation project, with EU and UK grant support, and renewing the locomotive fleet.
The Infrastructure Ministry, working with the Restoration Agency, discussed international road corridors and investments, distributed heat generation, and protecting critical infrastructure. Kalashnyk thanked EBRD President Odile Renaud-Basso and the EBRD team for their support in adapting financing to Ukraine's pressing needs.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
