GOVERNMENT: Croatian Railway Sector Sustainable Development Project

lalovac2 February 2015, LPJ Croatia Issue 118

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

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