UKRAINE: Next year Ukrainian Railways is to begin a five-step process to form a separate passenger business. This would more clearly separate the costs of its loss-making passenger activities from the profitable freight operations, providing greater clarity in the allocation of subsidy.
UZ envisages that the assets and liabilities of its regional and long-distance passenger activities would be transferred to the new business unit between April 1 and July 1 next year, with a view to a fully-functioning structure being in place by the end of the year. The passenger business would form an independent subsidiary within the UZ group by 2020.
