European Commission to allocate almost EUR 900 mln for Ukraine’s railways
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The European Commission and the World Bank have co-authored an Indicative trans-European Transport Network (TEN-T) Investment Action Plan, which implies the allocation of EUR 851 million to Ukraine for upgrading the country’s railway infrastructure, UNIAN reports.
The plan identifies priority projects to boost connectivity and economic growth in the Eastern Partnership countries of Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine, Railwaygazette reported on January 30.
Ukraine’s funds will be injected into upgrading, electrification and capacity projects, including routes to the western border and north-south lines. The European Commission plans to provide funding under nine Ukrainian projects. In total, 530 kilometers of railway lines in Ukraine need improvement within the TEN-T rail action plan, it said.
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