Czech Rail Network Gets €1 Billion Boost to Promote Modal Shift
Europe's Investment Bank has committed nearly €1 billion to support the modernisation of the Czech Republic's railway system in a significant environmentally focused initiative.
This substantial loan, the largest ever extended to the Central European nation by the EIB, will be overseen by Správa železnic, the national railway infrastructure administrator of Czechia. The project aims to upgrade the trans-European networks (TEN-T) railway lines.
EIB Vice President Kris Peeters anticipates that these rail improvements will encourage more people to choose trains over roads, reducing the environmental impact of transportation.
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