Czech carrier to modernise fleet
The European Investment Bank (EIB) has signed a CZK 3.43 billion (EUR 130 million) loan with CD Cargo to support the acquisition of new electric locomotives and replacement of obsolete rolling stock.
The loan is intended to help CD Cargo implement its ambitious intermodal transport development plan to respond to the growing market and bring its fleet into compliance with European interoperability requirements.
CD Cargo plans to acquire 50 electric locomotives and 140 freight intermodal wagons as well as refurbish around 310 older locomotives with the European railway traffic management system (ERTMS). CD Cargo transports around 65 million t per annum. (ben)