The Cabinet of Ministers of Ukraine has approved the consolidated financial plan of Ukrainian railways for 2015.
This is stipulated in cabinet resolution No. 850-r of Aug. 19, 2015, which has been posted on the government’s website. The financial plan has not been made public.
As reported in July 2015, with reference to Deputy Prime Minister Valeriy Voschevsky, the Cabinet of Ministers at a meeting on July 22 approved the financial plan of State Railways Administration of Ukraine Ukrzaliznytsia for 2015 with capital expenditure of Hr 2 billion. It was subsequently reported that the document has been sent for revision.
Ukraine’s Minister of Infrastructure Andriy Pyvovarsky said that according to the financial plan, the net loss of Ukrainian railways is expected to reach Hr 47 million in 2015. According to Ukrzaliznytsia, the figure could reach Hr 47.9 million.
According to Ukrzaliznytsia, the consolidated financial plan of Ukrainian railways for 2015 foresees income exceeding Hr 59.5 billion, which is almost Hr 8.9 billion more than in 2014. Hr 12.1 billion is planned to be transferred to the national budget and targeted funds.
Capital investment in 2015 will amount to Hr 2.1 billion. Out of the total amount 89.6 percent is to be spent on the purchase of goods, materials, and services of Ukrainian origin, which will save or create around 357,000 new jobs.
