The government’s decision to introduce a public service obligation for passenger transportation and to provide budgetary funding to Ukrzaliznytsia for this purpose-which is analogous to the European Public Service Obligation (PSO) model – enables negotiations on restructuring the company’s debt, which missed an interest payment on its Eurobonds in January, according to Finance Minister Serhiy Marchenko.
“This gives us the opportunity to discuss the restructuring of the company’s debt, as well as provide the EBRD with additional mechanisms to finance this company,” the minister said at the Ukrainian panel during the annual meeting and business summit of…