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The joint-stock company ČD Cargo has signed an agreement with the European Investment Bank (EIB) on securing funds through an investment loan. The signing of the contract is fully in line with the company's approved business plan for 2021 and will enable it to continue fulfilling its strategic goals, which include the renewal of the rolling stock and expansion abroad. Therefore, the funds will be invested, inter alia, in the acquisition of up to 50 interoperable locomotives, 140 wagons for combined transportation or the equipping of other locomotives with ETCS. The maximum loan amount approved by the EIB is 130 million EUR. These funds can be drawn for a period of 36 months from the effective date of the contract. Under EIB conditions, these funds can cover up to 50 % of the investment costs of specific projects. The signing of the agreement was preceded by an extensive financial analysis by the EIB, on the basis of which ČD Cargo was assessed as a reliable and suitable partner for drawing an investment loan.
„The signing of this agreement completed an extensive, almost annual approval process of verification by the EIB, where the overall economic condition of the company was assessed and ČD Cargo was evaluated as a reliable and suitable partner for drawing an investment loan. The positive assessment of ČD Cargo was also reflected in very favourable credit conditions,“ said Tomáš Tóth, Chairman of the Board of Directors of ČD Cargo, a. s.
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