AVELLUM advised Ukrzaliznytsia on the framework agreement and financial lease agreement covering 30 locomotives.

This transaction signifies an important step towards modernisation of Ukraine’s railway transport infrastructure. Moreover, due to the localisation requirement, Ukraine will account for 10% of production and supplementing parts with further increase of up to 40% over a 10-year period.

Ukrzaliznytsia is a Public Joint Stock Company with an operational network of railways in Ukraine reaching about 22,000 km.

GE is a global technology leader and supplier of equipment, services, and solutions to the rail, mining, marine, stationary power, and drilling industries.

The AVELLUM team was led by counsel Maksym Maksymenko, with support from senior associate Anna Melnychuk, under the general supervision of managing partner Mykola Stetsenko and senior partner Glib Bondar.