The state railways administration Ukrzaliznytsia intends to invest UAH 130 billion in renewing rail rolling stock by 2020.
Ukrainian News has learned this from the press service of Ukrzaliznytsia.
According to the press service, Ukrzaliznytsia's science and engineering council at its meeting presented a complex program of renewing rolling stock in 2008-2020.
"Ukrainian railways administration intends to invest round UAH 130 billion in renewing rail rolling stock by 2020," reads the statement.
Under a tentative forecast, starting from 2010 the railways administration will be buying only up-to-date rolling stock complying with international standards.
The program provides for purchase of 3,500 passenger carriages, 442 passenger electric locomotives, 125 diesel-electric locomotives, 236 electric trains, and 133 diesel-electric passenger trains by 2020.
Besides, they plan to buy 79,800 freight wagons, 24,400 containers, 165 electric freight locomotives, near 1,500 pushers and rail machines by 2020.
Rolling stock will be renewed with Ukrainian and foreign-made machines, reads the statement.
Fulfillment of the rolling stock renewal program will let increase volumes of cargo transportation by 21%, of passengers by 11%, and also reduce costs of rolling stock maintenance by UAH 1.5 billion a year.
The program has not yet been approved by the Transport and Communications Ministry and will be submitted to the ministry in near future.
As Ukrainian News earlier reported, Ukrzaliznytsia intends to invest UAH 6,235 million in upgrading rail rolling stock in 2008.
In all Ukrzaliznytsia will channel UAH 10 billion in 2008 to renew machinery assets (UAH 8.8 billion in 2007, UAH 4.5 billion in 2006).
Ukrzaliznytsia plans to acquire 4,053 freight wagons and 73 railroad engines in 2088.
The Cabinet of Ministers affirmed Ukrzaliznytsia's financial plan for 2008 with profits of UAH 2.5 billion.
Ukrzaliznytsia monopolizes railway transportation in Ukraine and unites its six railways.
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