World Bank is evaluating the ”Sustainable Croatian Railway in Europe” project for a USD 183.4 million finance. The total cost of the project is USD 200.8 million and aims to improve the operational efficiency and the financial sustainability of the public railway sector in Croatia.
The project comprises four components: Project Coordination and Sector Policy Support (EUR
2.6 million); Support to HZ Passenger Transport Restructuring (EUR 52.4 million, of which the WB is financing EUR 43million); Support to HZ Passenger Transport Restructuring (EUR 52.4 million, of which the WB is financing EUR 43 million); Support to HZ Infrastructure Restructuring and Enabling Investment to Increase the System Efficiency (EUR 76.4 million).
Within HZ Passenger Transport Restructuring and HZ Cargo Restructuring projects, the objective is to support both railway operators in improving its operational efficiency and financial situation in order to deliver better services in a financially sustainable way. For HZ Passenger project there are some subcomponents, one of them involves the rehabilitation of rolling stock to improve efficiency of the fleet (total costs of EUR 23.3million). for HZ Cargo, there is the subcomponent which involves a periodic maintenance of rolling stock; the condition and availability and efficiency of the fleet would be improved by periodic maintenance and rehabilitation of rolling stock (total costs of EUR 21.6 million).
Relating to HZ Infrastructure Restructuring project, the objective of this component is twofold: first is for supporting HZ Infrastructure in improving its operational efficiency and financial sustainability through restructuring, and the second, is to contribute to restore the physical infrastructure’s condition. This project, would include some subcomponents: Railway Safety Crossings Program (total costs of EUR 10.7 million), Other Railway Safety Investment (total costs of EUR 6.8 million), Emergency infrastructure investments (total costs of EUR 45.2 million).
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