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Loan agreements for the renovation of locomotives and workshops were signed on January 14

EUROFIMA loans

Last change: 06.05.2025 u 12:12

At the HŽPP headquarters, contracts for the financing of the renovation of locomotives and trains were signed by the Head of Capital Markets, Treasury and Asset Management, Aurelia Gerber, and the Head of the Central Office, Dirk Dombrowski on behalf of the European Company for the Financing of Railroad Rolling Stock (EUROFIMA), and on behalf of HŽPP, the President of the Management Board, Željko Ukić.  In addition to the representatives of HŽPP, the senior portfolio manager and ESG analyst Eugen Dulaj was also present for the signing of the contract.  

Further investments in the renovation of locomotives are necessary since HŽPP will have 86 new trains at its disposal by the end of 2027, and a sufficient number of vehicles must be provided for classical train compositions to adhere to the train schedule. Given the most favourable conditions and the successful cooperation so far in financing the procurement of 11 electric multiple-unit trains and 7 diesel-motor trains, the new long-term loan through EUROFIMA amounts to EUR 10,000,000 for the renovation of locomotives and EUR 14,000,000 for the renovation of railway vehicle maintenance facilities.  

After pointing out that HŽPP has about 190 locomotives and trains and about 150 wagons in its fleet, Ukić added:  

- Through investments, we continuously improve the level of our service. We currently have 61 new low-floor trains, and further investments in the renewal of the fleet are due in the near future. This financing agreement for the renovation of eight electric locomotives used in regional and long-distance transport is extremely important to us. In addition to the renewal of the rolling stock, it is also necessary to renovate maintenance workshops for the railway vehicles. Through this loan, workshops in Koprivnica, Osijek, Pula, Split, Varaždin, Vinkovci and Solin will be renovated in order for the trains to adhere smoothly to the schedule.

The European Company for the Financing of Railroad Rolling Stock (EUROFIMA) supports the development of public passenger rail transport in Europe by providing financial resources for the renewal of rolling stock and other equipment. EUROFIMA brings together 25 Member States and 26 shareholders, including HŽPP.