The government approved the financial plan of Ukrzaliznytsia for 2021

The Cabinet of Ministers of Ukraine approved the consolidated financial plan of Ukrzaliznytsia JSC for the current year. It provides for the company’s total revenues of UAH 93 billion, profit – at the level of UAH 3.6 billion. The volume of freight traffic is planned to increase by 1.7% to 306.4 million tons. This was reported by the railway magazine Railway Supply with reference to the press service of Ukrzaliznytsia.

financial plan of Ukrzaliznytsia

The financial plan provides that the company must transfer UAH 24.7 billion in taxes and fees to the state and local budgets.

As for additional income, the company plans to receive UAH 1.5 billion from the sale of scrap metal, UAH 1.9 billion from the disposal of non-core assets and UAH 1 billion from the write-off of non-current assets. The document also provides for a very ambitious capital investment plan, which should amount to UAH 27 billion.

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“Despite the crisis caused by Covid-19, significant investments are planned for the development of the company this year. After the financial plan is approved, it is necessary to catch up on capital investments. Among the main projects: the beginning of a large electrification of railways – these are the Dolinskaya – Nikolaev and Izov – State Border sections, the purchase of a large batch of passenger railcars for funds allocated from the state budget, the modernization of locomotives and the repair of freight cars”, noted Ivan Yurik, Chairman of the Board of Ukrzaliznytsia JSC.

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