The Serbian government has announced that Russian railway engineering company RZD International has completed the reconstruction of the Resnik-Vreoci section of the railway line that connects Serbia’s capital Belgrade to Montenegro’s port of Bar.
The reconstruction of the 35 km-long stretch represents the first of the two phases of a project for the overhaul of the 77 km-long Resnik-Valjevo railway section. The renovation of the entire Resnik-Valjevo section is planned to be completed by the middle of November. The works on the entire section are valued at USD 80 million, with Serbia’s share in the investment amounting to 15% of the total.
The project is financed with a USD 800 million loan extended by Russia to state-run railway operator Zeleznice Srbije in January 2013.
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