The Czech Republic has received funding from the European Investment Bank (EIB) to comprehensively modernise and renew its national railway network. 200 million euros (approximately USD 215 million) in loans. This significant investment aims to increase the safety, sustainability and competitiveness of the railway network by strengthening both passenger and freight transport capacity.

The Ministry of Finance will distribute the funds received to the administrator of the National Railway System Správa železnicThe projects will focus on the renewal of regional and Trans-European Transport Network (TEN-T) lines. It is also planned to procure new maintenance vehicles and equipment to increase the network's efficiency. All work will be carried out Until 2030 expected to be completed.

EIB Vice President Marek Mora stated that this initiative reinforces cooperation between the EIB and the Czech Republic, stating that investing in safer, greener and more efficient rail infrastructure helps the country achieve its climate goals and improves the quality of travel for millions of passengers.

The new loan will be funded by the EIB for the Czech railway infrastructure between 2023 and 2027. For 2,2 billion euros It is part of a broader framework of cooperation for which it expects to provide resources of up to 2,37 billion dollars.

A critical part of this funding comes from the European Commission Just Transition Mechanism Jiří Svoboda, General Manager of Správa železnic, said that the loan allows for continued modernization, in particular by increasing line capacity to meet the growing demand from both passenger and freight operators. ETCS He added that the implementation of the (European Train Control System) has improved safety, but future electrification remains a significant challenge.

Approximately 100,000 people are under the EU's Just Transition Mechanism. 30 million euros The grant will finance sustainable transport projects in Moravia-Silesia, Ústí nad Labem, and Karlovy Vary, the coal regions most affected by the energy transition. Emma Toledano Laredo of the European Commission emphasized that this investment will reduce emissions, shorten journey times, and make rail a more attractive option.

The Czech Republic has electrified a third of its 9.463-kilometre railway network and is recording steady growth in passenger volumes thanks to this modernisation and international connections.