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Croatian Government gives guarantee for EUR 40 mln loan to HZ Infrastruktura

The cabinet of Prime Minister Zoran Milanovic sent to parliament a bill on the ratification of the guarantee agreement between Croatia and the European Bank for Reconstruction and Development on financing the cost of overhauling the Croatian Railways (HZ) company HZ Infrastruktura.

On 16 December, HZ Infrastruktura and the EBRD signed an agreement on a 40 million euro loan to this national railway infrastructure company for the acquisition of track maintenance machinery and for the support to the company’s labour restructuring programme. The loan will be repaid over a period of 15 years with a three-year grace.

 

 

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