News / €1bn cash injection to boost Czech rail network and promote modal shift

Photo: HHLA/ Thies Raetzke

Europe’s Investment Bank has agreed to inject close to €1bn into the upgrade of the Czech Republic’s railways, as part of a major “greening” initiative.

The EIB loan, its largest to the Central European country, will be handled by Správa železnic, Czechia’s national railway infrastructure administrator, as it looks to retrofit the trans-European networks (TEN-T) railway lines.

EIB VP Kris Peeters said: “We expect the increased quality of rail to promote a modal shift from road, ...