| Project Detail |
Location: Serbia Project number: 55104 Business sector: Transport Notice type: State Environmental category: B Approval date: 11 Sep 2024 Status: Exploratory PSD disclosed: 19 Jun 2024 Project Description Provision of a sovereign loan of up to €50 million to the Republic of Serbia (RoS), represented by the Ministry of Finance (MoF) for the benefit of Serbian Railways Infrastructure (SRI or the Company), the fully state-owned national railway infrastructure asset management company. The loan will finance the procurement of goods for the urgent rehabilitation of rail tracks across the network on pre-defined sections (the Project). The Project will be implemented by SRI with the support of the Ministry of Construction, Transport and Infrastructure (MoCTI). Project Objectives Enhancement of the quality of rail infrastructure on the Serbian rail network with a particular emphasis on improving the operational speed and the prevention of derailments, resulting in enhanced reliability and safety of passenger and freight rail services, ultimately leading to higher attractiveness of the railway sector and promotion of modal shift. |
