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You're reading: Ukraine, World Bank negotiating $500 million loan for railways modernization
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According to the bank, the loan is expected to be up to $500 million.

As reported in May 2012, the then CEO of the State Administration of
Railway Transport of Ukraine (Ukrzaliznytsia), Volodymyr Kozak, who is
currently the infrastructure minister of Ukraine, said that the
administration was going to electrify 300 kilometers of tracks every
year using loans from foreign banks, and that it was holding talks on
this with the European Bank for Reconstruction and Development and the
World Bank.

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