Serbia’s state-owned company Infrastruktura Zeleznice Srbije plans to invest 30.3 million euro ($34 million) in the reconstruction of the Jajinci – Mala Krsna railway line, it said.
The company also intends to invest 8.9 million euro in the overhaul of the Mala Krsna railway station, the railway infrastructure company said in a statement on Tuesday.
Infrastruktura Zeleznice Srbije plans to start the project on May 15, it said.
The project will be carried out by a consortium of Serbian civil engineering company Energoprojekt [BEL:ENHL] and French sector player Colas Rail under a 39.2 million euro contract signed in December.
Under the project, financed by the European Bank for Reconstruction and Development (EBRD), Infrastruktura Zeleznice Srbije will reconstruct 68.8 km of rail tracks and will overhaul eight train stations, six train stops, three tunnels, and two bridges.
The reconstruction of the Jajinci – Mala Krsna railway line in central Serbia will allow to increase maximum train speed on the section to 120 km/h from 50 km/h at present.
Infrastruktura Zeleznice Srbije was established as a joint stock company in 2015 as part of a reorganisation programme implemented in railway operator Zeleznice Srbije which saw the uncoupling of the different sectors into separate companies.
- Serbia eyes 8 bln euro of fresh Chinese investment
- PepsiCo And Coca-Cola Battling It Out For The Serbian Water Market
- Turkey's Halkbank opens 34th branch in Serbia
- Business Serbia’s Soko Stark opens new R&D lab
- Air Serbia resumes regular flights between Belgrade and Kyiv
- Direct Air Serbia flights to Egypt starting June
- Fiat to manufacture SUV model in Kragujevac?
- Russia lifts import ban on stone fruit from Serbia, North Macedonia
- Belgrade's Nikola Tesla Airport posts Q1 2019 profit
- Zero compromise in fight against grey economy