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Sep 06, 2023 14:06 EEST
September 6 (SeeNews) - Croatian electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] said on Wednesday its unit Koncar-Electric Vehicles (KEV) signed a framework deal to deliver new low-floor trams to the city of Osijek by the end of 2030 for a total budget of 55.35 million euro ($52 million).
KEV and the public transport company of Osijek, Gradski Prijevoz Putnika (GPP), also signed an agreement for the initial delivery of 10 new low-floor trams, Koncar Elektroindustrija said in a filing to the Zagreb bourse.
The agreement was signed as part of a project for application of green technologies in railway passenger transport included in the European Union-sponsored national recovery and resilience plan, with a delivery deadline of 24 months.
"This agreement represents the continuation of Koncar’s successful operations in the domestic market, which includes the delivery of the total of 142 low-floor trams," it added. Koncar is currently in the process of manufacturing and delivering 20 new low-floor trams for ZET, the operator of the public transport system of the city of Zagreb.
Zagreb and Osijek are the only two Croatian cities that operate trams.
Koncar's shares traded 0.54% higher at 186 euro ($199.6) intraday on Wednesday on the Zagreb bourse.
($ = 0.931 euro)
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