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Croatian railway co HZPP to borrow 24 mln euro from EUROFIMA

Jun 13, 2024, 4:30:11 PMArticle by Annie Tsoneva
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June 13 (SeeNews) - The Croatian government said on Thursday it gave preliminary consent to state-owned passenger railway company HZ Putnicki Prijevoz (HZPP) to borrow overall 24 million euro ($25.9 million) from Switzerland-based European Company for the Financing of Railroad Rolling Stock (EUROFIMA).

Croatian railway co HZPP to borrow 24 mln euro from EUROFIMA
Koncar's train for HZPP. Source: Koncar

A loan of 10 million euro will be used to finance renovation of locomotives and trains, while a loan of 14 million euro will go towards repair of facilities for rolling stock maintenance, transport minister Oleg Butkovic told a weekly cabinet meeting as seen in a video recording published on Youtube.

The loans will be repaid after 15 years and have a fixed interest rate.

The government will provide guarantees for the loans.

($ = 0.926 euro)

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