ZAGREB, March 12, 2020 – The Croatian state-run HŽ Infrastruktura company and the Turkish Cengiz Insaat Sanayi ve Ticaret on Thursday signed a HRK 2.42 billion contract on the reconstruction and upgrade of a 42.6-kilometre-long railway from Križevci via Koprivnica to the Croatian border with Hungary.
The project, which is co-financed with funds from the European Union’s Connecting Europe Facility (CEF), is expected to last 42 months. The works are due to start in April and end in October 2023.
The project envisages upgrading the route to a double-track railway, with nine modernised rail stations, two viaducts, 21 railway overpasses and underpasses and other improvements that will enable trains to drive at a speed of up to 160 kilometres per hour.
This route is part of the Croatian segment of the Mediterranean corridor passing from Hungary via Zagreb to Rijeka.
Speaking at the contract-signing ceremony in Government House, Prime Minister Andrej Plenković said that this was a strategic project and pointed out the fact that EU grants for the investment totalled HRK 1.8 billion.
More economy news can be found in the Business section.