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Polish manager put in charge of Ukrainian railways

Wojciech Balczun made Polish railways profitable.

Polish manager put in charge of Ukrainian railways

The government appointed the Pole Wojciech Balczun board chairman of Ukrzaliznitsya (Ukrainian Railways) company.

The decision was taken unanimously at a cabinet meeting Wednesday.

Balczun previously won an open competition for the selection of the head of Ukrzaliznitsya.

He led the Polish Railways PKP Cargo out of 100m zloty losses of to the profits of 500m zloty (over 132m US dollars ). Having reformed the company, he brought it to IPO and resigned.

In the past four years, Balczun led the Supervisory Board of LOT Polish Airlines.

Balzhun is also the leader of a rock band.

PJSC Ukrzaliznitsya combines six regional railways and about 140 other structural enterprises. Ukrzaliznytsia runs 21.6 thousand km of railway lines, about 4 thousand. locomotives and 123 thousand cars.

UZ accounts for about 60% of freight and 38% of passenger traffic in Ukraine. Metal and ores account for 58% of cargo transportations by UZ in 2014, building materials account for 15%, grain - 8%.

Ukrzaliznytsia is one of the largest employers in Ukraine, providing jobs for over 300 thousand people.

Earlier, Yevhen Kravtsov was the acting board chairman of Ukrzaliznytsia.

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