An agreement to co-finance modernisation of the 104 km line from Niš to Dimitrovgrad near the Bulgarian border was signed by the European Investment Bank, the Ministry of Construction, Transport & Infrastructure and railway infrastructure manager Infra ŽS on January 31.
Upgrading of the single track non-electrified line is expected to cost a total of €268m. EIB is to provide a grant worth €44·7m for work on the Sićevo – Dimitrovgrad section of the route, and a €28·3m grant for electrification and resignalling of the Niš northern bypass.
Source; Railway Gazette
- IMF Delays New Deal With Serbia Until It Names New Finance Minister
- City announces first Belgrade Food Show
- Serbia to coordinate EBRD loans, EU grants to improve access to financing of SMEs
- Serbia pins hope on big fair for agricultural growth
- Serbia and Albania sign tourism cooperation agreement
- Auto cables specialist Leoni grows apace with plan for fourth Serbia plant
- Societe Generale bank achieves record profitability
- Serbia's central bank to keep key rate at three percent
- Serbia's finance minister resigns
- Belgrade-Sarajevo highway memorandum signed with Turks