The European Investment Bank (EIB) is considering allocating a 20 million euros loan for the rehabilitation of railway infrastructure along the main north-south line crossing Montenegro. The project has a total cost of 40 million euros and is a priority under the 2015 Connectivity Agenda.
The project is expected to increase the quality, availability and reliability of rail services in Montenegro, as well as to generate time and vehicle operating and maintenance costs savings, reduce infrastructure maintenance costs and improve railway safety.
“Apart from the domestic traffic, the project is expected to contribute to the traffic between Montenegro and Serbia and, via Serbia, other Western Balkan countries and the EU.”
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