The city of Prague wants to borrow CZK 6bn – 3bn more than originally planned — to finance the extension of the metro’s A line towards Motol. City representatives want to prevent potential delays in construction that could arise since EU funding for the work has not yet been secured. The EU was supposed to contribute CZK 7bn, but the loan is dependent upon building a bus terminal and a P+R at one of the stations. Instead, Prague has been negotiating a loan from European Investment Bank that could amount to CZK 11bn, maturing in 30 years. The interest rate under discussion is around 2 percent.
