PRK Partners has advised CD Cargo on a EUR 130 million loan from the European Investment Bank. Nauta Dutilh advised CD Cargo on Luxembourg elements of the transaction.
CD Cargo is the largest Czech railway transport provider and a subsidiary of Czech Railways, the national passenger rail carrier fully owned by the Czech Republic.
According to PRK Partners, "under the loan agreement, CD Cargo has obtained funds for the purchase of up to 50 new electric interoperable locomotives and 140 freight intermodal wagons, as well as for the retrofitting of around 310 older locomotives with the European Railway Traffic Management System." According to the firm, "the new EIB loan will support CD Cargo in its ambitious intermodal transport development plan, which aims at responding to the growing market and bringing its fleet in compliance with applicable European interoperability requirements.”
PRK Partners’ team included Partner Vaclav Bily and Attorney Tomas Bures.