THE SLOVAK government has announced plans to take over debts totalling Sk21 billion (€505 million) from the country's ŽSR and ZSSK railway companies from January 2004.
According to Transport Ministry officials, the decision is not a settlement of the debts, but a transfer of the liabilities to the overall state debt.
Besides absorbing the struggling railway companies' debts, the government will subsidise company investments by Sk2.5 billion (€60 million) next year, said Transport Minister Pavol Prokopovič on July 2.
Prokopovič added that debts from ŽSR and ZSSK should be settled by 2010.
7. Jul 2003 at 0:00 | From press reports