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Končar Group to deliver 12 trains

Croatia: Electric Vehicles Inc. and Croatian Railways – Passenger Transport Ltd. (HŽ PP), have signed the 3rd Addendum to the Contract on the purchase and sale for 32 electric trains for commuter and urban-suburban transport.

The Addendum regulates the second phase of the Contract with a delivery of 12 trains.

The production of 11 new trains will be financed through a loan from EUROFIMA – the European Railway Vehicle Financing Company, and one will be financed through a loan of the International Bank for Reconstruction and Development.

Several KONČAR Group’s companies will be involved in the delivery of the Contract.

Končar’s train is a state-of-the-art high-tech product fully developed and manufactured at KONČAR, aligned with advanced European and global standards. Application of cutting-edge technology, circuits and equipment ensure high-level reliability during intensive life-cycle in a variety if weather conditions.

Source: Končar