Czech Republic

The European Investment Bank (EIB) is lending CZK 7.61 billion Czech korunas (€300 million) to the Czech Republic’s national railway operator, České dráhy, to buy new train carriages and locomotives as well as upgrade existing ones. České dráhy will use the loan to purchase 180 passenger coaches and 20 electric locomotives. The company will also retrofit 219 existing coaches and locomotives with modern technology known as the European Rail Traffic Management System (ERTMS). The improvements, due to be completed by the end of 2028, will benefit Czech cohesion regions and cross-border connections.

The President of the European Investment Bank (EIB) Group, Nadia Calviño, is visiting the Czech Republic today to discuss strategic priorities and future financing opportunities.

The European Investment Bank (EIB) is lending 2 bn Czech crowns (ca €84 million) for the construction of a state-of-the-art concert hall in the Czech city of Ostrava. The EIB credit covers most of the financing for the planned €115.5 million cultural landmark in Ostrava, the third-largest Czech city with a population of 318,000. Located in the northeastern Moravian-Silesian region, Ostrava is close to the village where renowned composer Leoš Janáček was born in 1854 and is where he died in 1928.