EBRD is ready to double the funding for rail projects in Ukraine

The European Bank for Reconstruction and Development stands ready to double the funding for rail projects in Ukraine, provided the sector reform . 'Among the promising new projects that may emerge later this year, the railway and the bankers called projects of electrification and rolling stock, "- said the press service of the State Administration of Railway Transport of Ukraine. In January 2009, the Bank reported issuing Ukrzaliznytsia" credit for 62.5 million dollars for 10 years for the purchase of freight wagons in the program upgrade rolling stock. "Ukrzaliznytsya and the EBRD in 2004 signed a loan agreement worth $ 120 million. The loan guaranteed by the State for 15 years, the interest rate - LIBOR +1%. The funds were intended to introduce high-speed passenger traffic throughout the territory of Ukraine, in particular, for the purchase of rolling stock (about $ 49 million) acquisition of equipment for the repair of railways (about 29 million) and construction Beskidzka railway tunnel (about $ 40 million). On materials the Interfax-Ukraine