The EBRD is considering reallocation of an existing sovereign guaranteed loan of EUR 100 million to Serbian Railways. The reallocation follows a decision by the Government of Serbia to unbundle vertically integrated Serbian Railways. The existing loan is being restructured to reassign loan proceeds to the operating companies established in August 2015 – EUR 36 million to Infrastructure of Serbian Railways and EUR 64 million to Serbia Cargo.
The EUR 64 million loan guaranteed to Serbia Cargo will be provided by the EBRD to finance procurement of new electric locomotives and refurbishment of locomotives in the existing fleet. Total cost of the project amounts to EUR 77 million.
Furthermore, the loan of EUR 36 million allocated to Infrastructure of Serbian Railways will be provided by the EBRD to finance a programme of track renewal along the Corridor X railway line in Serbia. The total cost of the project amounts to EUR 43 million.
Share on:
