Serbia, Montenegro to pay EUR 337mn for Belgrade-Bar railway.

By bne IntelliNews July 16, 2010
Serbia and Montenegro need to provide EUR 337mn for the overhaul of the Belgrade-Bar railway, it emerged at a meeting for the supervisory committee over the feasibility study of the project. Serbia needs to secure EUR 198mn, while Montenegro will have to pay EUR 138.9mn, part of which it will draw from the IPA pre-accession programme. The modernisation will result in increased speed of the trains.

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