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.
Josef Halbmayr, member of the board of management of ÖBB ÖBB-Holding AG, said: “The European Investment Bank is having a volume of around €2.6 billion, the largest funder of ÖBB Group.”
