BUSINESS IN SHORT

EU helps Slovakia buy new locomotives

THE EUROPEAN Union approved the application for a non-repayable financial contribution of €88 million to the Slovak passenger railway company, Železničná Spoločnosť Slovensko (ZSSK), to purchase rolling stock such as railway cars for inter-regional and commuter transportation.

THE EUROPEAN Union approved the application for a non-repayable financial contribution of €88 million to the Slovak passenger railway company, Železničná Spoločnosť Slovensko (ZSSK), to purchase rolling stock such as railway cars for inter-regional and commuter transportation.

The money will also be used through the European Regional Development Fund to modify the control systems of ten existing electric locomotives and to buy 32 new train sets and two three-system locomotives, the SITA newswire reported.


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