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Contract on release of Russian loan for Serbian railways to be signed in April

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 Minister of Infrastructure and Energy Milutin Mrkonjic said today that all three projects for realisation of the Russian loan worth $800 million for Serbian railways are ready, and that during the visit of Russian Prime Minister Vladimir Putin to Serbia it was agreed to sign the contract on the release of this loan in April.

 Minister of Infrastructure and Energy Milutin Mrkonjic said today that all three projects for realisation of the Russian loan worth $800 million for Serbian railways are ready, and that during the visit of Russian Prime Minister Vladimir Putin to Serbia it was agreed to sign the contract on the release of this loan in April.

Mrkonjic said in a statement to Tanjug news agency said that it was agreed to invest $185 million in the Belgrade railway junction, $200 million in the reconstruction of the Belgrade – Bar railroad and $276 million in the construction of the railway from Valjevo to Loznica. He added that the first works could begin in May this year.

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Speaking about the Belgrade railway junction, he specified that the second track of the railway Pancevo Bridge – Pancevo will be built, as well as the technical and passenger station Zemun.

A half of these funds from the loan will be intended for the equipment because Russian equipment – rails and trains – match our railways, while the Serbian companies will do the construction work.

Mrkonjic said that at this moment Serbia needs more than twenty Russian trains.

During Putin’s visit, the Agreement on cooperation in road traffic between Serbia and Russia was signed, the Minister recalled.

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In addition to around 5,000 bilateral permits that we received for this year, we get another 3,000 and that is important for our transporters, Mrkonjic added.

Source Emg.rs

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