The shortage of locomotive traction in Ukraine will lead to a loss of $ 5.4 billion.

If the government of Ukraine refuses from the current program for updating and modernizing the railway locomotive fleet, the average annual loss for the economy will be from 4.8% of GDP, or $ 5.4 billion per year. IMF group Ukraine economists came to such results in their report on sufficiency of locomotive capacities for freight transportation by rail in conditions of crop growth and restoration of the Ukrainian economy to 2023."The resulting shortage of capacity for relatively cheap rail transport will lead to the fact that industries such as metallurgy, agro-industrial complex and the production of building materials will be forced to reduce production volumes. Therefore, if the government refuses from the current program to upgrade and modernize the locomotive fleet of the railway, the average annual loss for the economy will be from 4.8% of GDP, or $ 5.4 billion a year, "the report says.The study predicts that the potential demand for railway transport, depending on the dynamics of yield and energy intensity of GDP in the next 5 years, can grow from the current 339.5 to 393-456 million tons. At the same time, it is noted that the volume of Ukrzaliznytsia's capacities for freight turnover is now in a downward trend.Even with the already signed contract for the delivery of the first 30 locomotives of General Electric, the total number of thermal and electric locomotives of Ukrzaliznytsia intended for freight traffic is only 579 units. and is annually reduced by an average of 25 locomotives."With the current performance and the loss of locomotives remaining, by 2022, we will have only 504 units capable of transporting 291 million tons per year. Thus, the deficit of traction will be between 35% and 57% of the turnover, "the IMF group economists sum up.Recall that in 2017 management Ukrzaliznytsia presented the Development Strategy until 2021, according to which it was planned to purchase 262 locomotives for a total of 35.9 billion UAH.
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