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Securing Ukraine's Rails: EIB Funds Ukrzaliznytsia for Infrastructure and Defense

Securing Ukraine's Rails: EIB Funds Ukrzaliznytsia for Infrastructure and Defense
photo: RAILTARGET Archive/Securing Ukraine's Rails: EIB Funds Ukrzaliznytsia for Infrastructure and Defense
05 / 09 / 2023

According to the Ukrainian Ministry of Infrastructure, Ukraine's national railway, Ukrzaliznytsia, is set to receive a financial boost of EUR 100 million, thanks to a loan from the European Investment Bank (EIB). This fresh influx of funds is an extension of a 2016 accord between the EIB and Ukraine, aimed at rejuvenating the nation's aging rail infrastructure. The allocated funds will be invested in various projects, from track upgrades and repairs to procuring new freight vehicles.

Given the ongoing Russian war in Ukraine, the railway network serves dual roles. It's not only the backbone of domestic trade and passenger travel, but also a critical asset for national defense. As such, these upgrades are viewed as more than a mere logistical endeavor; they invest in the country's security and economic resilience.

In its ongoing partnership with Ukraine, the EIB has committed to projects worth over EUR 7 billion across different public, municipal, and commercial sectors. This most recent loan reaffirms the EIB's dedication to fostering sustainable development in Ukraine, with a keen focus on vital infrastructural improvements.

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