Photo from UNIAN

The European Commission and the World Bank have co-authored an Indicative trans-European Transport Network (TEN-T) Investment Action Plan, which implies the allocation of EUR 851 million to Ukraine for upgrading the country's railway infrastructure.

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The plan identifies priority projects to boost connectivity and economic growth in the Eastern Partnership countries of Armenia, Azerbaijan, Belarus, Georgia, Moldova, and Ukraine, Railwaygazette reported on January 30.

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Ukraine's funds will be injected into upgrading, electrification and capacity projects, including routes to the western border and north-south lines.

The European Commission plans to provide funding under nine Ukrainian projects. In total, 530 kilometers of railway lines in Ukraine need improvement within the TEN-T rail action plan, it said.

A total of EUR 12.8 billion is expected to be provided to the six countries, including EUR 2 billion earmarked for the railways.

"The projects include 4,800 km of new or upgraded roads and railways, six ports and 11 logistics centers. The plan envisages that short-term projects could be completed by 2020, and long-term projects by 2030," the publication wrote.