May 22 (SeeNews) - Croatia's railway infrastructure operator HZ Infrastruktura said it signed on Monday a 680 million kuna ($108.7 million/92.1 million euro) grant agreement with the country's transport ministry and the Central Finance and Contracting Agency (CFCA) for the upgrade and electrification of Vinkovci–Vukovar railway line.
The project envisages renewal and electrification of 18.71 km of railway tracks between Vinkovci and Vukovar, and will ensure train speed of 120 km/h, HZ Infrastruktura said in a statement.
The projects also foresees the reconstruction of the Vukovar/Borovo Naselje and Vukovar train stations, as well as those in Nustar and Brsadi-Lipovaca.
The transport ministry of Croatia, CFCA and local firm Polet also signed on Monday a 15 million kuna grant deal for the procurement of seven new buses for public transport on the territory of the city of Vinkovci.
"Investments of nearly 700 million kuna through these transport projects in the east of Croatia will affect the modernisation of the transport network, reduce travel time and increase traffic safety," the statement reads.
CFCA, established in 2007, is one of the bodies within the management system of the European Union funded programmes and projects in Croatia.
(1 euro=7.3863 kuna)