OREANDA-NEWS. September 02, 2011. Ukrzaliznytsia has paid back almost 2.3 billion on long-term credits, leasing payments and so on for 8 months 2011.

Financial discipline, duly and full-scale performance of the obligations on calculations with financial establishments, banks, the leasing companies and other investors is an unconditional priority in activity of new management of the state administration of a railway transportation.

Without delay, pursuant to the contract, there were payments of the loans the EBRD, Deutsche Bank and Bank Barkleyz. So, in August of this year, railroads in a timely manner and in accordance with the terms of the internal loan repaid bonds worth 753.7 million UAH. In August it was repaid loan of Barklayz bank of 45 million USD. In October 2011 it will be fully repaid a loan of Deutsche Bank, which has been used to finance construction of the bridge road-rail crossing over the Dnipro River in Kyiv.

The result of this financial policy is reduction of the loan portfolio company, repayment of existing arrears; restore confidence in the financial predictability and reliability of railway monopoly. Now railways of Ukraine do not have any overdue payments on its financial obligations. Ukrzaliznytsia started to work actively to attract long-term credit resources for the long-term program update basic rolling stock.