Ukrzaliznytsia to receive $25 million grant from World Bank

21 February, 06:35 PM
Oleksandr Kamyshin, General Director of Ukrzaliznytsia (Photo:Артем Ільїн \ NV Бізнес)

Oleksandr Kamyshin, General Director of Ukrzaliznytsia (Photo:Артем Ільїн \ NV Бізнес)

Ukrzaliznytsia, the Ukrainian national railway operator, will receive a $25 million grant from the World Bank in order to modernize train platforms for container transportation, the company's CEO, Oleksandr Kamyshin, told news agency Interfax-Ukraine on Feb. 21.

The $25 million is half of the total grant amount announced by the World Bank, Kamyshin indicated.

"The World Bank allocated $50 million, $25 million will go to Ukrzaliznytsia for two projects for platforms for container transportation: purchasing and building," Kamyshin said.

He also emphasized that the company hasn't received this funding yet.

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The World Bank announced the grant on Feb. 10, noting that these funds would be disbursed with the aim of repairing and restoring Ukraine’s transport infrastructure.

Earlier, Ukrzaliznytsia was reported as set to receive a 25% share in train carriage construction firm Kriukiv Carriage Works, formerly owned by Russian citizen Sergey Gamzalov.

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