ZAGREB, Nov 10 (Hina) - The director-general of the German development bank KfW Bankgruppe, Christian Murach, and Croatian Finance Minister Ivan Suker on Friday signed a loan agreement on 37.5 million euros which will be invested in
the reconstruction and streamlining of Croatian Railways (HZ).
ZAGREB, Nov 10 (Hina) - The director-general of the German
development bank KfW Bankgruppe, Christian Murach, and Croatian Finance
Minister Ivan Suker on Friday signed a loan agreement on 37.5 million euros
which will be invested in the reconstruction and streamlining of Croatian
Railways (HZ). This is the third instalment of the loan and the
amount will be used to renovate railway lines within the X, Vb and Vb1 European
corridors.
Of this amount, 30 million will be used to purchase equipment and
various material according to a commercial agreement which the HZ concluded
with MAN Ferrostaal company. The rest is to cover the costs of the works.