The European Investment Bank (EIB) will make €827m available for spending on the Czech Republic’s rail sector; a €527m will be spent on the network and €300m on train upgrades.
The EIB has also provided a €400m loan to utility CEZ to strengthen the country’s grid.
Total spending by the EIB rose to €2.5bn in 2024, up from €1.9bn in 2023.
Kyriacos Kakouris, the bank’s vice president, said: “We are proud to play a vital role in the Czech Republic’s transformation into a modern, globally competitive economy.”
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