Railfreight boxes in Russian Customs logjam being returned to China
Rail containers from China en route to Europe but held up in Russia, some for ...
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, ...
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