The European Investment Bank has signed a CZK 24 billion (€992 million) loan agreement with the Czech Ministry of Finance in support of a major railway upgrade.
Aimed at modernising and improving the safety of Czech railways, the financing is the biggest EIB loan ever signed in the Czech Republic.
Faster trains, simpler tickets and support for international trips could be on the agenda for Europe's rail network, under new European Commission proposals revealed on Tuesday.
For most of us, travelling by train is associated with the daily commute - an assortment of bustling underground stations, cramped carriages and steadily hiking prices.
The European Union wants more of us to travel by train. The bloc went as far as to name this year the European Year of Rail, aiming to boost trains' 7 per cent share of passenger journeys in Europe.