EBRD is considering railway projects in Macedonia and Serbia

17.03.2010 (17:35)

The EBRD is considering providing a €17.6 million sovereign loan to finance track renewal along the Corridor X railways line in FYR Macedonia, and a sovereign guaranteed loan of €100 to finance railways in Serbia


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The EBRD is considering providing a €17.6 million sovereign loan to finance track renewal along the Corridor X railways line in FYR Macedonia.

This will take the form of the replacement of wooden with concrete sleepers and the supply of new rails where, applicable, along approximately 50 km of track.

In Serbia, the EBRD is considering providing a sovereign guaranteed loan of €100 to finance:

(i) a programme of track renewal along the Corridor X railway line in Serbia;

(ii) the procurement of up to 15 electric locomotives; and

(iii) spare parts for the existing electric locomotive fleet. The European Investment Bank (EIB) will finance a complementary investment focusing on a programme of modernisation of the track from Belgrade to Novi Sad, which is a key section of Corridor X.

www.ebrd.com