Southern, Donetsk railways plan tenders to raise $475 mln in financing
KYIV. Jan 25 (Interfax) - Ukrainian state-run enterprises Southern Railways (Kharkiv) and Donetsk Railways have announced tenders to raise financing of $250 million and $225 million, respectively.
According to the tender documentation published in the Public Procurement Bulletin, the method of organizing the borrowing will be to issue and place securities on international capital markets. The borrowing period will be no more than five years.
Applications for participation in the tenders are being accepted until February 24. The tender offers will be disclosed that day.
Southern Railways is one of the oldest railways in Ukraine and measures over 3,000 kilometers long. The railway provides transport services to mining, the machine-building sector and agriculture, encompassing six regions with a population topping 20 million.
Donetsk Railways passes through the territory of Donetsk, Luhansk, part of Zaporizhiya, Dnepropetrovsk and the Kharkiv region over an area of 57,000 square kilometers. There are 239 railway stations located along the railway, and 206 of those stations carry out cargo operations.