The European Investment Bank (EIB) is providing around €466 million (CZK 11.75 billion) for the modernisation of the Czech railway network. The funds are part of a larger financing package of around €1 billion approved by the EIB in 2023. The funds will be invested in modernising infrastructure and in the start-up of the European Rail Traffic Management System (ERTMS) and the development of the European Train Control System (ETCS). It will also support the reconstruction of eight stations in the coal-mining regions of Karlovy Vary, Ústí nad Labem, and Ostrava. The Czech railway network covers almost 9,500 km of main lines, of which about a third is electrified. In 2024, almost 142 million passengers and 62.9 million t of goods were transported in the Czech Republic.
