Ukraine Railways to Spend $1.7 Billion on Investments This Year

Ukrzaliznytsya, Ukraine’s state owned railway company, plans to spend 14 billion hryvnia ($1.72 billion) on capital investment this year.

The investment includes 6 billion hryvnia for rolling stock, Ukrzaliznytsya said in a statement on its website today. Loans will cover 8.4 billion hryvnia of the spending, according to the company, which is based in the capital city of Kiev.

Net income this year will reach 496.4 million hryvnia, Ukrzaliznytsya, said without providing year earlier figures.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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