Saturday 22nd May, 2010
ARTICLE
Czech Rail wants to borrow billions
Czech Railways want to purchase new but must borrow CZK 11.4 billion to purrchase them. The railway wants to issue bonds for CZK 7.5 billion and borrow CZK 3.9 billion from the European Investment Bank (EIB) for the purchase of trains that will run on its regional lines. The Ministry of finance is against the idea as last year Czech Railway issued bonds worth CZK 2 billion. Source: lidovky.cz
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