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.