KIEV, Nov. 26 - The State Railway Administration of Ukraine (Ukrzaliznytsia) is in talks with the World Bank on attracting a long-term (15-20 years) credit line worth $1 billion, the Ukrzaliznytsia reported on Monday, referring to deputy director general Anatoliy Chubinsky.

The first credit funds will be issued in late 2008.

Moreover, there are preliminary offers from other foreign banks, he said.