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Ukrainian Railways to be corporatised, not privatised

Ukrainian Railways to be corporatised, not privatisedUkrainian President Petro Poroshenko has signed on the 22nd of June a law on amendments to the law of Ukraine’s list of state-owned organisations that are not subject to privatization and which bans the privatization of Ukrainian Railways (Ukrzaliznytsia).

The Ministry of Infrastructure has requested Ukrzaliznytsia’s assets should be considered of strategic national importance, in particular public railway lines, railway stations, traction substations, OLE equipment and other power equipment, train control, signalling equipment etc. As a result, it is impossible to transfer these in the property of business entities. 

With the new amendments brought into force, Ukrainian Railways (Ukrzaliznytsia) is included on the list of state-owned companies that can not be privatised, but can be corporatized. The measure was taken in order to provide economic security and to protect economic interests of Ukraine. 

National railway Ukrzaliznytsia was established as a state-owned joint stock company on the basis of the State Railway Administration (Ukrzaliznytsia) and other state-owned railway organisations on 21st of October 2015. The company started commercial operation on 1st of  December 2015.

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