At a Government meeting on Wednesday, September
2, Prime Minister of Ukraine Arseniy Yatsenyuk announced that there is due
"a fundamental change in the management system, real transparency and the
fight against corruption inside the Ukrzaliznytsia company”.
"Finally, the Ukrzaliznytsia will get rid
of an old corruption-based component and the Soviet model of functioning and
will be turned into a state-owned company capable to provide quality services
for both citizens of Ukraine and Ukrainian companies," he stressed.
The Head of Government sees corporatization as
positive for the Ukrzaliznytsia "not just from the point of view of
service improvement and transparency of this company": "A public
joint-stock company the Ukrainian Railways should become a driving force for
the Ukrainian economy".
The Deloitte audit firm has completed the valuation
of the assets the State Railway Administration Ukrzaliznytsia, which amounted
over UAH 245 billion.
The Ministry of Infrastructure of Ukraine
emphasize that the changes are aimed at liberalisation of the railway
conveyance market and the introduction of a market model of functioning of the
sector. According to officials, the corporatization process will end in
registration this autumn of a public joint stock company with 100% shares
belonging to the state.
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