EU bank loans ČD €300m one week after EU fines it… €300m

ČD is getting 300 million euros from the EU's lending arm.
ČD is getting 300 million euros from the EU's lending arm. ČD

You lose some, you win some. Last week, the EU fined Czechia’s state-backed rail company České dráhy (ČD) nearly thirty-two million euros for trying to shut out private operators. Luckily, Brussels has essentially given them the money back already: the European Investment Bank (EIB) is lending the Czech company three hundred million euros (two million short) to buy new train carriages and locomotives, as well as upgrade existing ones to ERTMS.

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Author: Thomas Wintle

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EU bank loans ČD €300m one week after EU fines it… €300m

EU bank loans ČD €300m one week after EU fines it… €300m

ČD is getting 300 million euros from the EU's lending arm.
ČD is getting 300 million euros from the EU's lending arm. ČD

You lose some, you win some. Last week, the EU fined Czechia’s state-backed rail company České dráhy (ČD) nearly thirty-two million euros for trying to shut out private operators. Luckily, Brussels has essentially given them the money back already: the European Investment Bank (EIB) is lending the Czech company three hundred million euros (two million short) to buy new train carriages and locomotives, as well as upgrade existing ones to ERTMS.

Want to read more?

Subscribe now!

Take advantage of our exclusive offer to get full access to all premium content.

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Author: Thomas Wintle

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