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EIB lends €40 mln to GYSEV for rolling stock, safety improvements

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The European Investment Bank (EIB) signed a €40m loan agreement with GYSEV, a regional railway owned by the states of Hungary and Austria, in Budapest today, GYSEV announced, according to Hungarian news agency MTI.

The credit will finance the purchase of new rolling stock as well as safety improvements, the EIB said. GYSEV will buy nine new locomotives and five electric multiple units, expanding and renewing the company’s fleet, it added. 

“The EIB loan will help improve the efficiency of the railway infrastructure along a key cross-border axis between Hungary and Austria, while strengthening the competitiveness and increasing the attractiveness of a more sustainable means of passenger and freight transport,” said László Baranyay, EIB vice president for lending in Central Europe.

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