The European Investment Bank (EIB) plans to invest EUR 36 million this year in the overhaul of the Nis-Dimitrovgrad railway section, a senior EIB official has said. The investment will be co-financed by a EUR 30 million grant from the European Union (EU) which will be channelled through EIB, the head of the EIB Regional Representation for the Western Balkans, Dubravka Negre, said.
The EIB aims to continue supporting the project next year by providing an additional EUR 36 million for the electrification of the Nis-Dimitrovgrad railway line. An additional EUR 30 million will be granted by the EU for the project next year through the Western Balkans Investment Framework (WBIF), he added.
The total investment needed for the reconstruction of the Nis-Dimitrovgrad railway section is estimated at EUR 195 million.
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