Croatian railway project worth HRK3.5bn acceptable for EU co-funding

A project for the reconstruction of the existing and the construction of a second track on a 44km-long section of the Hrvatski Leskovac-Karlovac railway line, which is also important for building a lowland railway, is acceptable for EU co-funding in the amount of HRK2.7bn, the transport and infrastructure ministry said. The ministry has elaborated that JASPERS program experts have submitted to the regional development and EU funds ministry a positive Independent Quality Review for the co-funding of the project, whose total value is HRK3.5bn. The ministry has also said that the EC must officially approve the financing, which is expected in the next three months, and an agreement on the grant allocation is expected to be signed by year’s end. The ministry has also said that 85% of the HRK2.7bn co-funding amount will come from the Operational Program Competitiveness and Cohesion and the rest from the transport ministry. The ministry said a number of projects co-funded by the EU were currently under way to build a lowland railway, which is expected to increase cargo in the Rijeka port as well as its competitiveness. Works on the railway are expected to wrap up by 2030, when its capacity will exceed 20 million tons net annually.

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