Hungary-based railway company Gyor-Sopron-Ebenfurti Vasut Zrt (GySEV) will receive a EUR 40m loan from the European Investment Bank (EIB) to purchase new rolling stock and introduce safety improvements.
With this latest financing, the company will be able to provide better quality railway services on the Austrian-Hungarian cross-border railway network along the strategic trans-European transport corridor.
GySEV’s rolling stock acquisition will include nine new locomotives and five electric multiple units. This will better meet existing transport demands and cater for future capacity needs. It will also generate benefits by reducing vehicle operating costs, road accident losses and pollutant and greenhouse emissions.
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