Cabinet backs more rail loans

The government has agreed to guarantee Sk11.7 billion ($248 million) in three loans taken by two state railway firms to revolve old debts, pay for restructuring and cover losses from providing public transport. The latter will cost Sk7.2 billion this year, with about Sk2 billion returned as income from transport, about Sk1 billion from the state budget, and Sk4.2 billion left uncovered.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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