Czech Railways announces largest ever tender for new trains

Czech Railways announced on Tuesday that it intends to purchase new trains and modernise others at a cost of 16 billion crowns. The sum means a record investment in the company’s rolling stock and will be spent over the next four years as the new trains enter service. Czech Railways is to receive 4.5 billion worth of new wagons and locomotives this year. Outdated trains currently constitute one of the company’s biggest problems, with an average age of more than 26 years. The head of Czech Railways told a press conference on Tuesday that decreasing that age by half would require an annual investment of eight billion crowns.