Czech rail infrastructure manager SZ and the Czech-Moravian Guarantee and Development Bank (ČMZRB) signed a Memorandum of Understanding to identify and prepare new financing tools for rail projects which involve the Václav Havel airport rail connection with the rail system in Prague centre.
The two sides will cooperate on the development of rail projects such as the high – speed lines and transport hubs supporting the implementation of the projects in the form of rail investment.
“Our main task will be to identify suitable projects that could be financed other than in the form of subsidies. We intend to introduce new types of contractual relations leading to long-term responsibility public budgets and the involvement of private funds in construction and maintenance,” Jiří Svoboda, the Director General of Správa železnic said.
Following cooperation, the ČMZRB Group will then evaluate the form of financing for which the projects are suitable. It will then propose the optimal method of financing, for example in the form of public–private partnership (PPP), junior financing or another suitable form corresponding to the project.
“The pilot project will be the airport rail connection with the centre of Prague where our bank will assess the possibility of financing in the form of PPP. In the future, our goal is to focus on infrastructure financing projects for high-speed railways,” Jiří Jirásek, Chairman of the Board of Directors and CEO of ČMZRB said.
The aim of the cooperation is to help Správa železnic with the initial phase of preparation and implementation of the projects for which the use of extra-budgetary financing is envisaged.
ČMZRB will also provide advice on the selection of consultants for the implementation of suitable projects.
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