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Prime Minister assures infrastructure renovation, in particular the railway network, will allow for an additional 1% GDP growth in 2018
20.12.2017 | 11:58

Implementation of the plan for renovation and modernization of the infrastructure of Ukraine, primarily in terms operation of the state company Ukrzaliznytsia, will allow the economy to add at least 1% to growth performance in 2018. This was stated by Prime Minister of Ukraine Volodymyr Groysman during the Government sitting.

"Infrastructure issues are of paramount importance for the development of economy. We can get plus 1% to GDP growth. The infrastructure component should be geared up to support exports, to convey goods. This will affect the development of commodity output," urged Volodymyr Groysman, "The issue of Ukrzaliznytsia comes to the fore. We need a railway network of high quality. This proves vital for the metallurgical complex, for the agrarian industry. The objective is as follows: to hit the monthly target for putting in exploitation of new carriages, starting January, 2018, to announce tenders. I emphasize don’t waste time to reveal problem issues and solve them. The dynamics of GDP growth for 2018 depends on Ukrzaliznytsia."

Meanwhile, the Head of Government stressed a practice of disruption of bidding must not be repeated, including through the application of antimonopoly procedures. "It is unacceptable. Our objective is to resolve this grave situation," added Volodymyr Groysman.

Volodymyr Groysman also stressed that one of the most substantial development projects for Ukrzaliznytsia will be the project of joint work with industrial conglomerate General Electric, in what the parties reached the stage of signing long-term contracts.


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