Czechs could draw on EIB loan for transport projects

The Czech Republic is considering drawing on funds from the European Investment Bank (EIB) to help develop its transport infrastructure.

Deputy minister Tomáš Čoček said a loan of around 100 million crowns could be sought which would be divided between road and rail projects.

He said the loan could replace a shortfall in state funds and be possibly cheaper than using state bonds to finance such development.