CZECH RAILWAY INFRASTRUCTURE REHABILITATION (EIB-20170434)

Countries
  • Czech Republic
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
SPRAVA ZELEZNICNI DOPRAVNI CESTY
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 273.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported CZK 6250 million (EUR 238 million)
Converted using 2017-06-30 exchange rate.
Loan Amount (USD)
$ 273.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported CZK 6250 million (EUR 238 million)
Converted using 2017-06-30 exchange rate.
Project Cost (USD)
$ 546.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported CZK 12500 million (EUR 475 million)
Converted using 2017-06-30 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2018

Disclosed by Bank Jun 30, 2017


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Project Description

According to EIB website, the project will consist of around 10 components of railway infrastructure upgrading, modernisation and renewal. The investments will all be located in the Czech Republic, on the TEN-T network, including core Baltic–Adriatic, Rhine-Danube and Orient/East-Med corridors on sections pre-identified in the Connecting Europe Facility for inclusion in the investment workplans for particular corridors. The exact scope will be confirmed during the appraisal. 

The project is expected to generate time and vehicle-operating-cost savings by allowing for more efficient use of existing rail capacity. It may also present environmental and safety benefits due to modal shift from road to rail expected to take place because of better rail services. The project will increase the quality of rail services provided in the Czech Republic as well as promote travel by rail and will, thereby, enhance sustainable transport in line with EU objectives. The project is mostly located in convergence zones and by facilitating access promotes regional development.

A modal shift thanks to increased rail-based mobility can be expected (due to increased speed and capacity), thus also decreasing traffic-related greenhouse gas emissions, although to a limited extent. Details will be checked during appraisal.

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure.

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