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EIB loan to finance eight upgrades

30 Nov 2018

CZECH REPUBLIC: The cabinet approved on November 7 a KC11·5bn loan from the European Investment Bank which will be used to modernise eight sections of rail corridors 1 and 2 in 2019–25.

The sections involved are

  • Velim – Poříčany;
  • Choceň – Uhersko;
  • Ústí nad Orlicí – Brandýs nad Orlicí;
  • Adamov – Blansko;
  • Brno-Maloměřice – Adamov;
  • Lipník nad Bečvou – Drahotuše;
  • Polom – Suchdol nad Odrou;
  • Dětmarovice – Petrovice u Karviné/Polish border.

The total cost of the projects is more than KC24bn, with the remainder of the funding to come from the state budget and the EU’s Connecting Europe Facility.