Investment in Ukraine's railway up 180 percent

Source: Xinhua| 2017-08-02 23:43:40|Editor: yan
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KIEV, Aug. 2 (Xinhua) -- The Ukrainian railway has attracted an investment of 131 million U.S. dollars in the first half of 2017, up 180 percent year-on-year, head of Ukrainian Railways said on Wednesday.

"These investments mean the development of many sectors of the Ukrainian economy and creation of thousands of new jobs not only for the railway industry workers, but also for other specialists," Wojciech Balczun wrote on Facebook.

Most of the funds were invested in the modernization of the rolling stock, railway equipment and buildings, as well as in construction projects, he said.

Ukrainian Railways plans to attract about 6 billion dollars within the next five years to modernize the country's railway infrastructure.

The state-run company operates a railway network of about 22,000 kilometers, accounting for about 50 percent of the country's passenger traffic and 82 percent of its cargo transportation.

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