A 13-billion EIB loan will strengthen safety and capacity of Czech railways

The loan from the European Investment Bank will provide up to CZK 24 billion for co-financing railway construction this year. Thanks to obtaining the alternative source of finance, the Ministry of Transport, together with the Ministry of Finance, will hereby fill the record budget of the State Fund for Transport Infrastructure with CZK 150.9 billion.

The possibility of using European Investment Bank (EIB) funds for the construction of transport infrastructure has been confirmed by a Memorandum of Understanding between the Czech Republic and the European Investment Bank. EIB's financial and technical support will be aimed at financing railway projects between 2023 and 2027 up to a maximum of EUR 7 billion.