Ukraine has announced its intention to seek a loan from South Korea to acquire 20 electric trains manufactured in the Republic of Korea. The procurement process for these trains will be conducted through a transparent tender, as stated by Deputy Prime Minister Oleksiy Kuleba during a working visit to South Korea. Kuleba emphasized the importance of ensuring that the tender process is open and competitive to guarantee fair market practices and maximize value for Ukraine’s public funds.
The decision to pursue the purchase of these electric trains comes as part of Ukraine’s broader efforts to modernize its transportation infrastructure. The national rail operator, Ukrzaliznytsia, is expected to benefit from the acquisition, which will enhance the country’s rail network capabilities and potentially reduce transportation costs. The initiative aligns with Ukraine’s strategic goals of enhancing regional connectivity and supporting economic recovery in the wake of ongoing challenges.
South Korea’s willingness to provide financial assistance for this procurement highlights the growing economic cooperation between the two nations. The deal is expected to boost bilateral trade and investment, creating opportunities for further collaboration in infrastructure development. As the tender process unfolds, officials are closely monitoring market responses and potential bidders, aiming to finalize the contract in the coming months. This development underscores Ukraine’s commitment to leveraging international partnerships to advance its national projects.