| Project Detail |
Location: Serbia Project number: 53274 Business sector: Transport Notice type: State Environmental category: B Approval date: 21 Sep 2022 Status: Concept Reviewed PSD disclosed: 31 May 2022 Project Description Provision of a sovereign guaranteed loan in the amount of up to EUR 43 million to Serbia Cargo (SC). The loan will finance procurement of new locomotives, wagons and overhaul of freight wagons. Project Objectives The Project will support both the development of the Serbian cargo railway transportation sector through the modernisation of the cargo rail fleet. It is expected to have a significant effect on the quality of cargo services, its competitiveness, useful life of the fleet and, ultimately, growth of rail cargo transportation in the country. By enabling the modal shift from road-based transport to cargo rail transportation and by replacing old inefficient rolling stock, the Project will bring a large environmental gains in terms of lowered carbon emissions. |
