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US General Electric and Ukrzaliznytsia sign $1 billion, 10-year deal

US General Electric and Ukrzaliznytsia sign $1 billion, 10-year deal

U.S. multinational conglomerate General Electric finally struck a deal with Ukraine’s railway monopoly Ukrzaliznytsia with the official signing of a $1 billion contract between the two in Kyiv on Feb. 23. The deal foresees Ukrzaliznytsia purchasing 200 locomotives from General Electric’s Pennsylvania plant and the modernization of 75 of its own locomotives at a cost ... Read More
 
EBRD supports electrification of Ukrainian railways

EBRD supports electrification of Ukrainian railways

By Anton Usov Project to improve connectivity between industrial and agricultural areas and key ports The EBRD is contributing to the increased efficiency of the Ukrainian railways (UZ) by supporting the electrification and modernisation of a 253 km stretch of railway line in southern Ukraine, which is linking the country’s major industrial and agricultural areas with ... Read More