EBRD Approves Loan of EUR 25 Million for Rail Depots to Serbia

Serbia is to further upgrade its railway infrastructure thanks to a EUR 25 million loan from the European Bank for Reconstruction and Development (EBRD). Srbija Voz, Serbia’s national rail passenger operator, will use the loan to build a new regional depot in Niš and rehabilitate two existing ones in Zemun and Sombor, the bank says in a press release.

The facility, guaranteed by the Republic of Serbia, will enable Srbija Voz to finance not only building works for the depots, which are used for maintenance of its rolling stock, but also the procurement of new maintenance equipment and works supervision. The modernization of maintenance practices will increase efficiency of passenger services, it is added.

– As new trains are delivered and the expansion of our Zemun facility nears completion, we will now shift focus to other regions of Serbia. Most importantly we will construct a key new maintenance facility in Niš to prepare for the opening of the Belgrade-Niš high-speed railway line, as well as reconstruct other regional depots – said Ivan Bulajić, Acting Director General of Srbija Voz.

As part of the project, Srbija Voz will also work on skills development and support new dual education programs, and further improve its corporate governance, it is said.

EBRD Evropska banka za obnovu i razvoj Beograd

Srbijavoz a.d. Beograd

European Bank for Reconstruction and Development

EBRD

Srbija voz

Ivan Bulajić

EBRD loan for improving rail infrastructure

construction of regional depot in Niš

Belgrade Niš fast railroad

dual education