The draft Law on railway transport was jointly developed by the World Bank and the Ministry of Infrastructure of Ukraine. It is now submitted to the Cabinet of Ministers for its consideration.

It is expected that the Law will fully reorganise the governance model used for railway regulation and will lay grounds for creation of market principles of railway functioning, which are used in EU. 

The draft Law envisages provisions on corporatisation of the State Administration of Railway Transport of Ukraine "Ukrzaliznytsia", establishment of a separate regulatory body in the area of railway transport, adaptation of Ukrainian legislation to the EU directives, etc.