CD demands billions of Czech crowns
Article Abstract:
Ceske drahy (CD) (Prague, Czech Republic), Czech Railways, expects a balanced economic result in 2001, having seen a loss of CEK 4.8 bil in 2000. The balanced economic result will be ensured by the accounting of CD's loss from passenger transport as a non-redeemed receivable towards the state. The firm's loss from passenger transport should be roughly CEK 8.8 bil in 2001. CD's total revenues amounted to CEK 38.3 bil in 2000, 2.5% more compared to 1999. The clients of CD have overdue debts of about CEK 2.2 bil towards the firm. CD did not pay a similar sum to its suppliers. CD's highest debts are represented by debts for oil and power.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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CD arranges contracts on a corridor
Article Abstract:
Ceske drahy (Prague, Czech Republic), Czech Railways, has arranged contracts on the modernization of two railway line sections on the second railway corridor. The total worth of the contracts is CEK 6.1 bil. The modernization of the section Hranice-Studenka worth CEK 4.1 bil will be realized by the construction company ZS Brno (Brno, Czech Republic). The project's main jobs should be completed by Dec 2003. The supplier of the section Ostrava-Petrovice will be the association Koridor Ostrava-Petrovice (Czech Republic). The construction worth about CEK 2 bil should be completed in Nov 2002.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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CD will buy railway cars for billions of Czech crowns
Article Abstract:
Ceske drahy (CD) (Prague, Czech Republic), Czech Railways, will invest a total of CEK 7.5 bil by the end of 2005. The investments will be used for the purchase and modernization of coaches and locomotives. CD will cover the purchase from its own sources, commercial credits and leasing. In 2003 CD should start the pilot operation of high-speed trains with swinging bodies from the consortium Fiat-Siemens-CKD. CD will pay nearly CEK 4.37 bil for the seven train sets.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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