The Luxembourg-based institute prepares 250 million euros to double the rail line. Journey times will be halved and infrastructure capability will increase, from 90 to 220 trains per day. Last June, the Slovenian port signed a cooperation agreement with Ningbo.
The doubling of the railway that links the Capodistria port to the Divaccia Slovenian hub will soon count on new resources from the European Investment Bank. The Luxembourg-based institute prepares 250 million euros investment for the Slovenian infrastructure.
The availability is made sure by the board. The operation is published on the EIB website, and an approval could come soon. While the Sta news agency, quoting the same 2TDK, Slovenian state-owned company that manage the project, it is already sure of the availability of the fund. The investment plan was submitted to the government’s coalition partner by the Ministry of the Infrastructure, Alenka Bratusek.
The rail line will be ready by 2025. Named “Second Track”, it will provide a double-track path in connection with the already existing single-track line characterized by a steep slope. In practice, there will be a strengthening, of a total cost of 1.2 billion euros, of which 522 million borne by the state. Seven tunnels will be built, that will reduce the plan of 27 km and will eliminate the bottlenecks.
In this way, it will be intensified the link capability between Capodistria and the two European corridors of transports that cross Slovenia. The first one is the Baltic-Adriatic, that cross Italy as well. It goes from the Polish ports of Gdansk and Gdynia and from Szczecin and from Swinoujscie, crossing the Czech Republic and eastern Austria, until Capodistria and the Trieste, Venice and Ravenna ports. Italy is involved also in the second corridor, the Mediterranean one, that links the Algeciras, Cartagena, Valencia, Tarragona and Barcelona ports with Hungary, touching France, north Italy and Slovenia.
As MediTelegraph reported last August, a publishing specialized in shipping and intermodal transport, once finished the works it is estimated that the number of trains that will run daily, will go from 90 to 220, at a velocity of 160 km/h and halving the journey times now at about 45 minutes.
Last June, the Capodistria port and the Chinese Ningbo port signed a cooperation agreement, meaning that the Slovenian infrastructure is officially part of the Belt & Road Initiative, launched from Beijing in 2013. The purpose of the agreement is to increase the maritime connections and therefore support the trade between China and Central Europe.
Finally, there is also a news about the operation conducted by Generali that completed the acquisition of Adriatic Slovenica and of Kd Funds, to prove the relations between Italy and Slovenia. Generali received approvals from regulatory bodies and from competition authorities, including the ones of the European Commission, the Slovenian regulatory bodies and from Ivass (the Italian institute for the insurance supervisory).
The agreement with the sole shareholder of Adriatic Slovenia, Kd Group, was signed in May 2018. To that operation will follow the integration process of the insurance company Adratic Slovenica and its agencies in the Generali organization in the EEC region. Adriatic Slovenica provides a wide range of damage, health, life and retirement products, with more than 1,7 million of insurance contracts and 500 thousand clients. The acquisition includes Kd Funds, a mutual investment fund with more than 750 million of assets to manage, in third place in Slovenia with a market share of 20%, present also in Croatia and Macedonia.
(Source:Class Editori)
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