International support for Ukraine demonstrated through major rail contract
Ukraine, Nov. 17 -- The Presidents of France and Ukraine attended a Paris ceremony on Monday to mark the award of a major contract to supply electric locomotives by Ukrainian Railways (UZ) to France's Alstom Transport. The project is co-financed by the European Bank for Reconstruction and Development (EBRD) with a €300 million loan and supported by an investment grant of up to US$190 million from the?Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF), administered by the World Bank. UZ's heroism and resilience has been critical since the start of Russia's war on Ukraine in 2022. Despite immense challenges, the state-owned operator has kept trains running for agricultural exports, humanitarian aid and millions of pas...
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