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Ministry Of Transport And Communications Initiating Railway Corporatization Until 2015 (15:28, Thursday, July 24, 2008)

The Ministry of Transport and Communications is initiating railway corporatization until 2015, Volodymyr Badahov, deputy minister of Transport and Communications, told a press-conference.

Фотогалерея


Volodymyr Badahov, deputy minister of Transport and Communications

Volodymyr Badahov deputy minister of Transport and Communications

Mykhailo Makarenko director of the Railway Transport Department of the Ministry of Transport and Communications

Mykhailo Makarenko director of the Railway Transport Department of the Ministry of Transport and Communications

This is outlined in the program developed by the Ministry of Transport and Communications for railway reform.

The provisions of the program were brought up for public discussion, he said.

According to Mykhailo Makarenko, director of the Railway Transport Department of the Ministry of Transport and Communications, the first stage of the program aims at creating a single entity on the railway transport in the form of a state enterprise and moving to the vertical management system in the field.

The Ministry will simultaneously be drafting amendments to the legislation for the second stage to be launched in 2010.

At the second stage locomotive, freight and passenger wagon fleets are to be separated from the created state enterprise.

The railway will only deal with infrastructure, i.e. carriage and communications track facilities.

The second stage is to be completed in 2012.

It will provide basis for railway transport corporatization expected to be completed until 2015, according to the program.

The program is currently under discussion and its terms of fulfillment can be changed, Makarenko said.

As Ukrainian News reported, the State Railway Transport Administration, or Ukrzaliznytsia, favors the idea of being transformed into a joint-stock company and is opposed to the idea of being reorganized into a state enterprise.

Yosyp Vinskyi, Transport and Communications Minister, said June, 10 the Ministry of Transport and Communications had spoken for reorganization of the Ukrzaliznytsia into a state enterprise.

Ukrzaliznytsia, the monopolist of the Ukrainian railroad network, incorporates six railway companies.



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