STADLER has signed a Memorandum of Understanding as part of an agreement to attract Swiss investment for the development of the Ukrainian rail system.

Overseen by Ukraine’s president Mr Volodymyr Zelensky, the MoU was signed between the Ministry of Infrastructure of Ukraine, Ukrainian Railways (UZ), Stadler and the Swiss Export Risk Insurance Agency Serv.

It is planned to use the investment to renew the country’s train fleet, with up to €500m going towards the development of the railway sector. As well as the purchase of new trains, the MoU also includes localisation, with Stadler to build a factory in Ukraine.

Ukraine’s minister of infrastructure Mr Oleksandr Kubrakov confirmed that it’s planned to purchase 30 suburban EMUs for Kyiv and another 30 that will be split between Kharkiv and Dnipro.

Additionally there will be 20 new regional electric trains and 10 long-distance electric trains built by Stadler to upgrade the UZ fleet. No dates for their deliveries have been confirmed.