In the next five years, the modernization and reconstruction of Ukrzaliznytsia will take place through bank loans and loans under government guarantees.

"We need to think about a completely new form of financing the modernization and reconstruction of Ukrzaliznytsia. A new form of financing, which differs from direct expenditures from revenues for Ukrzaliznytsia services will be introduced," Prime Minister Yulia Tymoshenko said at the Ukrainian Forum of Railway Workers, which is being held simultaneously with an expanded Cabinet meeting.

Yulia Tymoshenko noted that the Cabinet of Ministers will also consider providing guarantees, including under Ukrzaliznytsia commodity credits.

The issue of financing the modernization of Ukrzaliznytsia is included in the state target program of railway transport report for 2010-2015, which will optimize the organizational structure of the railway and create all conditions for its integration into European and global transport systems.

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