UZ lost $ 2.8 million due to the failure of the deal with the EBRD
In 2018, Ukrzaliznytsia entered into an agreement with the EBRD to finance the purchase of 180 new freight cars, but as a result, the deal was canceled.
This became known from the report of the Verkhovna Rada of Ukraine.
The commission believes that the work on the use of the EBRD loan for the electrification of the Dolinskaya – Nikolaev – Kolosovka railway line, an agreement on which was signed in 2021, is developing according to a similar scenario. It is planned to start using the funds only in the III quarter. 2021 At the same time, the agreement provides for a 0.5% per annum fine for the unselected amount. As of February 2021, UZ has already paid out $ 1.9 million. It also focuses on the financial lease agreement with Ukreximbank JSC dated 02.22.2018 for the supply of 30 GE diesel locomotives. According to the terms of which the rate of payment for the use of the leased asset was 19% per annum. This interest rate is extremely high (3-5 times higher than world practice), although later it was lowered, but insignificantly – to 17%.