Chat with us, powered by LiveChatEBRD to lend 50 billion euros to reconstruct the Ukrainian railway network - FASI
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EBRD to lend 50 billion euros to reconstruct the Ukrainian railway network

|Investments
14 June 2022

Ukrainian Railways - Erwin Alexander (Flickr)50 million euros to support the Ukrainian rail company to provide liquidity to Ukr Zaliznytsya (UZ). The European Bank for Reconstruction and Development (EBRD) has announced a new financial loan, part of the already existing 1 billion euros support for 2022.

The public service of the Ukrainian railways has been highly impacted since the Russian invasion of the country started. The Kyiv School of Economics has estimated that the war has impacted the country's infrastructure at a cost of $ 4.5 billion a week, reaching total damage of 92 billion since the 24th of February. This consist of about 60% of annual economic output, according to the researchers. Moreover, 7 million people have been displaced within Ukraine and 13 million people are estimated to be stranded in affected areas or unable to leave due to heightened security risks, destruction of bridges and roads, as well as lack of resources or information on where to find safety and accommodation.

"The financing will support the movement of

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