EN|RU|UK
 Economics
  9646

 Purchase of Kolesnikov’s Hyundais is Worst Investment of the Year, EBRD

Launch of Hyundai speed trains by Ukrzaliznytsia is the number one investment failure of 2012, said a senior adviser to the European Bank for Reconstruction and Development Anton Usov.

RBC-Ukraine reports that according to him, Ukrzaliznytsia failed to take into account the characteristics of this type of technology and the characteristics of its own infrastructure.

As the representative of the EBRD noted the amount of invested funds and other infrastructure projects that the government carried out in light of Euro 2012 were inadequate. Usov stressed that it should be a lesson for the Ukrainian leaders who must understand that it is wrong to make projects for specific dates or events.

Usov also noted that recently European Bank and the Government of Ukraine have signed documents regarding the purchase of rolling stock for the railway: "These cars are better fit to use, but it does not mean that the Ukrainian government should cease technical re-equipment and modernization of the railway. This concerns our investment in the public sector of Ukraine," he said.


 
 
 
 up