Ukraine to purchase 20 high-speed electric trains from Korea: details of the agreement.

According to inkorr.com: Olexiy Kuleba met with representatives from Korea to discuss the development of Ukraine's railway infrastructure. During this meeting, the issue of financing the purchase of 20 high-speed electric trains of Korean manufacture was raised, which could significantly improve passenger transport and modernize the fleet of 'Ukrzaliznytsia'.

He emphasized the importance of a transparent and open competition among companies for the procurement of new electric trains. It was also noted that Korea offers Ukraine concessional financing of up to $2.1 billion USD for the period from 2024 to 2029. This will become one of the largest instruments of support for the Ukrainian railway from partners in Asia.

Summary of Olexiy Kuleba's meeting with representatives from Korea

The Deputy Prime Minister of Ukraine discussed with Korean partners the issues of railway transport development and received opportunities for concessional financing for imported electric trains. This will improve transport and the renewal of rolling stock, which is critically important in the context of military threats and the destruction of existing trains.

To improve railway transportation, the project for the procurement of electric trains can play a key role in modernizing Ukraine's infrastructure. Concessional financing from Korea will allow the introduction of new technologies and address urgent problems in the transport sector, which have become particularly acute in the context of military actions.