EBRD considering loan of EUR 50 million for modernization of rail infrastructure in Serbia

The European Bank for Reconstruction and Development (EBRD) said it is considering providing a sovereign loan of up to 50 million euro to Serbia for urgent railway infrastructure upgrades.

The loan will be borrowed by the Serbian government and extended to state-owned railway infrastructure company Infrastruktura Zeleznice Srbije to finance the procurement of goods for the urgent rehabilitation of rail tracks across the network on pre-defined sections, the EBRD said in a statement on Wednesday.

The loan, as the Seenews portal reports, will help improve Serbia's rail infrastructure by increasing operational speed and preventing derailments. This will enhance the reliability and safety of passenger and freight services, making the railway sector more attractive and promoting a shift to rail transport, the statement read.

The EBRD is due to approve the loan on September 11, 2024.

EBRD Evropska banka za obnovu i razvoj Beograd

Infrastruktura Železnice Srbije Beograd

European Bank for Reconstruction and Development

EBRD

Infrastruktura Železnice Srbije

reconstruction of railroads