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Slovenia to recapitalise 2TDK with 56 mln euro in 2019

Author Iskra Pavlova
Slovenia to recapitalise 2TDK with 56 mln euro in 2019 Source: Pixabay

LJUBLJANA (Slovenia), October 24 (SeeNews) – The Slovenian government said on Thursday it will recapitalise with 56 million euro ($62 million) state-run project company 2TDK, which is in charge of building a second track of the Divaca-Koper railway line.

The government, being the founder and sole owner of the company, adopted the decision at its regular cabinet meeting, it said in a statement. It gave no further details.

According to 2TDK's website, the company's share capital totalled 21 million euro at the end of 2018.

Earlier this month, the government said it has approved the issuance of a loan guarantee of up to 417 million euro to 2TDK for financing the construction of the Divaca-Koper's second track.

In August, 2TDK rejected all three bids placed in a tender for construction of two bridges in Glinscica valley, part of the future second track of the railway line that would link the port of Koper to Divaca logistics hub.

It plans to soon relaunch the tender for the project, which is co-financed by the Connecting Europe Facility (CEF).

The new, 27-kilometre railway track and the existing track will offer a combined capacity of 231 trains per day or 43.4 million net tonnes of cargo per year. The existing railway line connecting Divaca to the port of Koper line does not meet the standards for the core network which were adopted by the Council of the EU in 2012 and are expected to be implemented by 2030.

($=0.8985 euro)