“EBRD financing of €100 million will support further modernisation of rail infrastructure in Serbia”. This was announced on Serbia’s National Rail Day on 15 September.
This is the second €100 million loan offered by the EBRD to Serbian Railways over the past 18 months in order to support its modernisation programme and latest contribution in a string of key infrastructure investments across the Western Balkan Region. The modernisation of Serbian Railways is supported by donor funds from the Central European Initiative, the German government and the EBRD Shareholder Special Fund. “By contributing to this project through the Central European Initiative, Italy is glad to support the reform process in the railway sector in Serbia. Inter-regional well-functioning infrastructure is key for the development and regional integration of the Western Balkan countries," says Stefania Bazzoni, EBRD Board Director representing Italy. For more information: http://www.ebrd.com