Ukrzaliznytsia enters EU market. Minister explains purpose of Polish subsidiary
The creation of a Polish subsidiary of the state rail transport company Ukrzaliznytsia will make it possible to improve the management of cargo transportation on the European route, announced the Minister of Infrastructure Oleksandr Kubrakov.
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"Today, the European direction of rail transportation for Ukraine is a matter of fast logistics and support of the Ukrainian economy. The creation of a European operator will allow to significantly improve the management of freight transportation in the European direction. At the same time, we are modernizing the border infrastructure, increasing its throughput," the press service of the Ministry of Infrastructure quotes Kubrakov saying.
UZ plans that Ukrainian Railways Cargo Poland will engage in the following activities at the first stage of its work:
→ will provide complex freight transportation,
→ will coordinate work with European operators, cargo owners, border crossings,
→ will control the rolling stock of the company abroad.
"We are integrating the system of cargo rail transport of Ukraine into the European space and are starting to build a full-fledged operator of cargo transport on the territory of the European Union," said Yevhen Lyashchenko, chairman of the board of Ukrzaliznytsia.
Reportedly, the long-term strategy of the international division is in the final stage of development and will be approved by the supervisory board of Ukrzaliznytsia in the near future.
At the beginning of June 2023, the deputy director of the department of commercial work of UZ, Valeriy Tkachov, said that the company will register a forwarding company by the end of the year to enter the markets of the European Union. The first country of operation of the new UZ company will be Poland. The possibility of providing a similar service to Slovakia and Hungary is being considered.
In the first half of June, UZ recorded an increase in cargo transportation by almost 46%. This gives reason to hope that in 2023, despite pessimistic forecasts, the company will break even.
On June 23, Ukrzaliznytsia announced that it will receive grants from the European Union for the implementation of railway projects for the first time.
