Ukraine is heading towards the collapse of the railway
The Ukrainian railway is increasingly mired in debt, which will soon lead to its bankruptcy.
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Viktor Medved, director of the consulting company William invest expert, spoke about this at a press conference in Kyiv.
“80 percent of Ukravtodor’s costs go not to the construction and repair of roads, but to servicing loans. On the railway, if you draw a graph, the trend is the same. That is, debt obligations grow disproportionately to current activities. At this rate, in 10 years we will lose the railway from the point of view of the independence of the subject. Previously, the structure of the debt burden was up to one percent of the value of assets, but today it is up to 10 percent and the trend is getting worse.”
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