In November 2022, it was announced that Czech plans to subsidise electrified rail operations had been approved by the European Commission, benefitting companies such as České dráhy. That same month, plans were revealed to modernise in excess of 2,000 coaches and other rail vehicles over the next four years at an annual cost of roughly Koruna 3.5bn ($US 142.2m). Statistics During 2015, České dráhy recorded that its consolidated revenues were CZK 33 billion. Comprising this figure were revenues from passenger transport, which amounted to CZK 21 billion (64% transfer payments from the government, 24% intrastate transport, 12% international transport), along with revenues from freight transport operated by subsidiary ČD Cargo, which amounted to CZK 11 billion. of railway lines operated by ČD, of which was electrified track and is double- and multiple-track, all of them transferred to the infrastructure operator SŽDC since. 168.8 million passengers carried 6,907 million passenger-kilometres 76.723 million tonnes of goods carried 13,592 million tonne-kilometres History České dráhy is the result of more than 160 years of railway history in the Czech lands. Historic milestones include: 1828: first horse-drawn railway in continental Europe: České Budějovice - Linz 1839: first steam-hauled railway: Vienna - Břeclav 1903: first standard gauge electrified railway track 1918: foundation of Československé státní dráhy (ČSD or CSD) (English: Czechoslovak state railways) 1991: first EuroCity (EC) trains run on ČSD railways 1993: foundation of České dráhy (ČD or CD) after breakup of Czechoslovakia 1993: started renovation of Pan-European railway corridors 1994: started truck transportation ("RoLa") on ČD railways from Lovosice to Dresden (stopped in 2004) 2003: founding of České dráhy (Czech Railways), joint-stock company 2005: Pendolino tilting trains enter regular service 2006: The liabilities of ČD Group increased from CZK 19 billion at the end of 2006 to CZK 53 billion at the end of 2015. 2007: freight transport moved into subsidiary company ČD Cargo 2008: creation of ČD Sky, an alliance between České dráhy and the airline SkyEurope. SkyEurope, which was heavily indebted, went bust in August 2009. 2014: first "ČD Railjet" with passengers runs in the Czech Republic Freight services ČD Cargo, the cargo subsidiary, mainly transports raw materials, intermediate goods and containers. As of 2009, it is ranked in the top five largest railway cargo operators in Europe. Rolling stock 2,726 tractive vehicles, of which 856 are electric locomotives and train-sets 27,416 freight cars 3,605 passenger cars See also Rail transport in