Czech rail network to benefit from €5.4bn EU fund

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The European Commission has adopted a €5.4 billion transport fund to finance rail and metro upgrades in the Czech Republic.

The €5.4 billion, which includes €4.7 billion from the Cohesion Fund and the European Regional Development Fund (ERDF) for road and rail projects, will enable the modernisation or reconstruction of 140 kilometres of railway and 8 kilometres of metro and light rail line.

Funding will also allow plant and equipment to be upgraded.

Commissioner for regional policy Corina Crețu said: “The key strategic transport links that will be developed thanks to European funding will link the regions in the Czech Republic with each other but also with the Trans-European Network that crosses the European continent.

“This will make them more accessible and attractive for business and investment. The Czech citizens will also benefit from safer, greener and more sustainable transport.”

 

 

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