Plan for the restructuring of JSC “Ukrainian railways” will be prepared by the end of the year, – Yevgen Kravtsov

As reported by the Chairman of the Management Board of JSC “Ukrainian railways” Yevgen Kravtsov plan for the “Ukrainian railways” restructuring, which provides for the company to be divided into three operators: infrastructure, freight and passenger plus production unit, will be ready by the end of the year. The directive of the President of Ukraine Volodymyr Zelenskyi will be implemented on time.

This plan is in line with the strategy of JSC “Ukrainian railways” agreed by the Company’s Supervisory Board and approved by the Cabinet of Ministers in June 2019. Once the plan of restructuring is finished, the company will start implementing it under the government control.

According to Yevgen Kravtsov, the plan embodies the so-called European rail traffic model, which is also supported by the Prime Minister of Ukraine Oleksiy Honcharuk and the Minister of Infrastructure of Ukraine Vladyslav Krykliy. “The main thing in it is that the infrastructure remains in the state regulation, and passenger and freight transportations are carried out under market conditions,” – said Yevgen Kravtsov.

Yevgen Kravtsov also pointed out to several precautions, which should be taken into account before starting the process of restructuring. First, the public funding for the passenger transportation and infrastructure development is required. The second is ensuring non-discriminatory conditions (foremost the tariff ones) between private and public sector enterprises. Finally, it is important to develop a plan for solving social issues connected with the activity optimization.