The Belgian company Infrabel will take a 10-year, 1 billion-dollar loan
07.12.2023
The Belgian company Infrabel will take a 10-year, 1 billion-dollar loan as part of a broader ten-year investment plan aimed at enhancing key Belgian railway routes, this is reported by the railway transport news portal Railway Supply.
The loan, in the amount of 1 billion euros, will finance Infrabel’s plan from 2023 to 2032, focusing on increasing capacity on crucial routes, such as the Flemish corridor between Bruges and Ghent and the southeast route from Ottignies-Leuven near Brussels and Luxembourg.
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The financing will also contribute to completing the Brussels S Train or RER within the new funding system.
The railway infrastructure expansions under Belgium’s plan to transition from road transport will benefit internal ports in Brussels and Ghent, as well as the main seaport in Antwerp.
The funds, provided by the Belgian Federal Debt Agency in two tranches, with the first tranche of 800 million euros (863 million dollars) being utilized in 2025, contribute to the overall investment plan of 16.4 billion euros (17.6 billion dollars) over the decade, with 5 billion euros allocated for maintenance.
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