GOVERNMENT: Croatian Railway Sector Sustainable Development Project
The government approved the Croatian Railways companies’ application submission to the World Bank for state guaranteed loans valued at €132 million. The loans will be provided by the International Bank for Reconstruction and Development (IBRD)at 0.5%-1% interest rates, and will be used for the reprogramming of existing loans and worker redundancy payments.
The largest portion of the loans (€63 million) will be allocated to the Croatian Railways (HZ) Infrastructure, €35.5 million loan will be allocated tor HZ Passenger Transport, and €33.5 million to HZ Cargo.
Proposed by: Ministry of Finance…