EIB financing allows CD Cargo to modernise and expand freight services

The European Investment Bank has signed a CZK3.43 billion loan (equivalent to €130 million) with CD Cargo, the largest Czech railway transport provider, to support the acquisition of new electric locomotive and replacement of obsolete rolling stock. 

The project consists of the acquisition of 50 electric locomotives and 140 freight intermodal wagons as well as retrofit of around 310 older locomotives with European Railway Traffic Management System.

Investment related to the European Railway Traffic Management System could be complemented by a grant component from the CEF Transport Blending Facility, designed to promote projects contributing to the environmental sustainability and efficiency of the transport sector in Europe.