A Memorandum of Understanding was signed between the Ministry of Infrastructure of Ukraine, Ukrzaliznytsia JSC and Stadler CIS AG, Stadler Rail AG (Switzerland) and the Swiss Agency for Export Risk Insurance SERV.

The document defines the principles of cooperation and the mechanism of joint work of the parties on the development of the railway transport sector in Ukraine.

Stadler to build a plant in Ukraine: memorandum signed

The meeting of the head of state Volodymyr Zelenskyy with the chairman of the board of directors of Stadler Rail AG Peter Spuler and the executive director of Stadler CIS AG Alexander Luft took place in the President’s Office, reports Railway Supply magazine.

“I am very glad that this important memorandum is being signed today. It is an excellent signal to the citizens of our countries about how we cooperate”, said Volodymyr Zelenskyy.

Market capitalization of the largest public rolling stock manufacturers as of August 19

As noted by Alexander Luft, for the first time in history, export financing from Switzerland is being attracted at the state level, which will be directed to the development of railway transport in Ukraine, in particular, the renewal of the train fleet.

The signing of the document launches the export financing of the Swiss Confederation for Ukraine. The amount reaches 500 million euros.

Cooperation involves not only the purchase of trains, but also the localization of Stadler production through the construction of a new plant in Ukraine.

The head of state recalled that within the framework of the National Program “Big Construction”, the City Express project is being launched for the development of suburban railway communication.

Nevomo will build magrail testing laboratory

According to the Minister of Infrastructure Alexander Kubrakov, within the framework of cooperation with Stadler, it is planned to purchase 30 suburban electric trains produced by this company for Kyiv, another 30 will be distributed between Kharkiv and the Dnipro.

In addition, the memorandum speaks of 20 new regional electric trains and 10 long-distance electric trains manufactured by Stadler to renew the rolling stock of Ukrzaliznytsia.

As previously reported, the FLIRT electric train of the Swiss company Stadler was presented in Kyiv, which arrived in Ukraine on August 14 from the company’s plant in Belarus for testing.

Related:

Electric train Stadler FLIRT arrived in Ukraine for testing

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