ZAGREB, April 10 (Hina) - Croatian Railways (HZ)on Monday signed three loan agreements with Germany's Kreditanstalt fuer Wiederaufbau (KfW) bank worth DM59 million. The funds are earmarked for the modernisation of 42 kilometre-long
railway Ostarje-Split. The HZ management board on Monday signed annexes to already signed agreements with German company Thyssen, regarding the purchase of equipment and spare parts. By signing these agreements HZ enabled new investments in the infrastructure of railways and by late 2003 the Lika railway tracks should be entirely modernised.(hina) it
ZAGREB, April 10 (Hina) - Croatian Railways (HZ)on Monday signed
three loan agreements with Germany's Kreditanstalt fuer
Wiederaufbau (KfW) bank worth DM59 million.
The funds are earmarked for the modernisation of 42 kilometre-long
railway Ostarje-Split.
The HZ management board on Monday signed annexes to already signed
agreements with German company Thyssen, regarding the purchase of
equipment and spare parts.
By signing these agreements HZ enabled new investments in the
infrastructure of railways and by late 2003 the Lika railway tracks
should be entirely modernised.
(hina) it