Project Notice
|
| PNR |
45835 |
| Project Name |
Railways Maintenance Equipment Renewal |
| Project Detail |
Provision of a sovereign loan of up to EUR 11 million to the Railways Infrastructure Company of Montenegro (the Borrower, the Company or the Client) guaranteed by the state of Montenegro. The loan proceeds will be used to finance the purchase of machinery for the maintenance of civil engineering and electrical railway infrastructure to ensure appropriate railway safety standards (the Project). Project Objectives The Project will support the development of the Montenegrin railway infrastructure sector through financing of key maintenance equipment required for proper functioning of the railway infrastructure. The Companys maintenance services are not yet sustainable, as its aging maintenance equipment and vehicles acquired in the mid-1970s are fully amortized and obsolete. The Project will contribute to improvement of the Montenegros railways safety and Companys efficiency. |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
|
| Country |
Montenegro , Southern Europe |
| Project Value |
EUR 11,000,000
|
