WASHINGTON, Jan 12 (Hina) - The World Bank on Tuesday approved a +US$101 million credit for Croatian Railways (HZ) for modernisation +and restructuring projects.+ The loan will be used for track renewal and maintenance of core
+routes, rehabilitation of traction units and spare parts, +conversion of freight units, rehabilitation of passenger coaches, +environment protection and severance payment, the World Bank said +in a statement.+ The loan will assist the reform of the railways so that they can +perform their tasks within the changed political and economic +framework, both in Croatia and in a larger European context, the +statement read.+(hina) mm rml+
WASHINGTON, Jan 12 (Hina) - The World Bank on Tuesday approved a
US$101 million credit for Croatian Railways (HZ) for modernisation
and restructuring projects.
The loan will be used for track renewal and maintenance of core
routes, rehabilitation of traction units and spare parts,
conversion of freight units, rehabilitation of passenger coaches,
environment protection and severance payment, the World Bank said
in a statement.
The loan will assist the reform of the railways so that they can
perform their tasks within the changed political and economic
framework, both in Croatia and in a larger European context, the
statement read.
(hina) mm rml