| 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. |
