The State Regulatory Service of Ukraine allowed public joint-stock company Ukrzaliznytsia to increase the tariffs for rail freight transportation by 15%. Recall that the initial proposal was to raise the tariffs by 22.5%. According to Oleksandr Karnachev, Deputy Head of the Tariff Division in the JSC “Ukrzaliznitsya”, tariff indexation should be expected in early November. The main reasons for tariff increases are rises in prices for fuel and spare parts that necessary for repairing of rolling stock.
According to Alexander Karnachev, all accumulated funds by tariff increases, will be allocated to the special fund and used exclusively for infrastructure and rolling stock renewal.