HZ Passenger Transport will receive a €43m loan that has a final maturity of 18 years including a grace period of three years. HZ Cargo will receive a €41.5m loan with a final maturity of 20 years including a grace period of five years, while HZ Infrastructure will receive a €79m loan with a final maturity of 10 years and a grace period of three years.

 

Mr Siniša Hajdaš Dončić, minister of maritime affairs, transport and infrastructure, says that the loans are aimed at improving the operational efficiency and the financial sustainability of the railways.

Dončić stated that 40% of the total loan amount would be used for the retroactive financing of loans with an average interest rate exceeding 5%. Dončić also stated that this will result in savings of Kunas 68m ($US 9.8m), 74m and 68m for HZ Infrastructure, HZ Cargo and HZ Passenger Transport, respectively.

According to Dončić, the Euro-denominated variable-spread loans will be granted at an interest rate of less than 1%, with a grace period of three years.