| Project Detail |
Location:
North Macedonia
Project number:
54676
Business sector:
Transport
Notice type:
State
Approval date:
18 Oct 2023
Status:
Exploratory
PSD disclosed:
10 Jul 2023
Project Description
Provision of a sovereign loan of up to EUR 5 million to the Republic of North Macedonia (the "Borrower") to finance Rail Joint Border Station ("RJBS") in Tabanovce, at the border between North Macedonia and Serbia, on rail Corridor X, which is part of the TEN-T Networks extension to the Western Balkans. The funds will finance the upgrade of the existing rail station buildings and the construction of additional new buildings including an access road of approximately 500m. The Project will be co-financed by the EU through an investment grant from the Western Balkans Investment Framework ("WBIF").
Project Objectives
The Project will contribute to improvement of regional connectivity and integration on rail Corridor X. The key objective of the Project is to reduce the delays at the borders and shorten the border-crossing procedures by facilitating passing the border in one place (one stop). Sharing of the new facilities between the two countries staff will contribute to the optimization of the procedures of border and custom controls leading to more effective, facilitated and quicker operations between the different stakeholders involved in the station. The Project will also contribute to energy efficiency improvements through higher energy efficiency requirements that will be incorporated in detailed design of the buildings and the installation of photovoltaics panels on the roofs of the buildings. The Project is part of the Connectivity Agenda of the European Commission and represents a priority measure for increasing the effectiveness of the border crossing procedures by establishing joint railway border crossing stations in the Western Balkans countries. |
