City Express and the renewal of the rolling stock: Ukraine will cooperate with Switzerland in the development of railway transport
A Memorandum of Understanding was signed today at the Office of the President of Ukraine between the Ministry of Infrastructure of Ukraine, JSC Ukrzaliznytsia, Stadler and the Swiss Export Risk Insurance Agency SERV.
The signing of this Memorandum provides opportunities for export financing of the Swiss Confederation for Ukraine. The funds will be used for the development of the railway sector in the amount of up to 500 million euros.
For the first time since independence, Ukraine has attracted export financing from Switzerland at the state level. It offers opportunities for the renewal of Ukrzaliznytsia rolling stock.
"It is important for us that the cooperation with Stadler involves not only the purchase of trains, but also the localization of production.
We need modern world experience, technologies and real capacities, which could launch new suburban City Express routes in Kyiv, Kharkiv and Dnipro not in the long run, but in 2-3 years. That's why we welcome Stadler in Ukraine. It will significantly increase competition and the quality of services in the Ukrainian market," Oleksandr Kubrakov said.
The Memorandum provides:
- obligatory localization of Stadler production with the construction of a new plant in Ukraine;
- purchase of 60 new electric trains for the City Express project: 30 trains are for the development of suburban services in Kyiv, another 30 trainswill be distributed between Kharkiv and Dnipro;
- renewal of rolling stock to ensure interregional communication: 20 new regional electric trains and 10 long distance trains.
"We conducted test races of the FLIRT train on the territory of the metropolitan agglomeration. We are currently working on the development of a feasibility study for the project, completing the preparation of technical requirements for rolling stock and platforms. We plan to announce a tender by the end of September.
Our task is to unload the entrance to the capital and reduce the travel time to the workplaces of residents from the satellite cities of the capital," Oleksandr Kamyshin, Acting Chairman of the Board of JSC Ukrzaliznytsia said.
- Stadler CIS AG
Swiss manufacturer of railway rolling stock. Stadler offers a wide range of rail and public transport: high-speed trains, intercity trains, regional and suburban trains, underground trains, trams and trains. Stadler also manufactures passenger cars, trunk and shunting locomotives.
The company's plants are located in Switzerland, Germany, Poland, Belarus, Spain, Romania and the United States.
- Swiss Export Risk Insurance Agency SERV
The state agency SERV insures political and del credere risks involved in exporting goods and services. SERV insurance and guarantees protect Swiss exporters from default and facilitate export financing. SERV’s solutions also help companies obtain low-interest loans or higher credit limits in order to conserve cash when exporting goods and services.