New EBRD funds to improve rail infrastructure in Serbia

The EBRD is supporting further modernisation of rail operations in Serbia with a €100 million sovereign guaranteed loan to the Serbian state-owned railway company Zeleznice Srbije to finance the upgrade of Corridor X rail and the purchase of locomotives.
Corridor X is the primary transport route in Serbia, running on a north-south axis and connecting major and secondary urban centres by road and rail, including the three largest cities – Belgrade, Novi Sad and Nis.
The EBRD loan will be used to renew over 111 km of track on Corridor X, to purchase track maintenance machinery and to acquire 15 new electric locomotives, which will replace outdated cars for freight services.

News source: EBRD link: article