The European Investment Bank (EIB) has issued a €600 million loan to finance a raft of renewal works across the Austrian rail network.
Austrian Federal Railways (ÖBB) will use the money to complete a programme of upgrades in 2017, including track renewals, signalling and telecommunications projects, station improvements, bridges, level crossings and power systems.
Lithuanian Railways and Å koda Vagonka signed a CZK 750 million (EUR 27.2 million) contract for the supply of three double-deck EMUs.
The 160km/h trains, equipped with air conditioning system, audiovisual system,  internal and external CCTV will enter service on Vilnius – Minsk route.
The Croatian government has approved and guaranteed for HZ Infrastruktura two loans worth HRK 1.25 billion (EUR 163 million,  to modernise  and build railway infrastructure and for severance payments.
A HRK 1 billion loan from Erste&Steiermaerkische Bank, Societe Generale-Splitska Banka and OTP Bank will be used to finance the rehabilitation of four railway lines, with a total lenght of 160 km. The loan would be repaid six years, and the interest rate would be linked to six-month EURIBOR …
Bombardier Transportation and ÖBB’s freight division, Rail Cargo Group (RCG), have successfully completed a 4000-kilometer test run of a BOMBARDIER TRAXX AC Last Mile locomotive. The test run saw a BOMBARDIER TRAXX AC Last Mile locomotive pull a RCG freight train from Sopron, on the Austrian-Hungarian border through Romania and Bulgaria to Istanbul, Turkey (Tekirdag) and back.
The trip followed a long distance intermodal route built by Rail Cargo Group to
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