Serbia to start works on EUR 300mn railway project financed by Russian loan.

By bne IntelliNews November 29, 2011
Serbia will soon start the construction of a 68-kilometre railroad worth EUR 300mn that will be financed via a Russian loan, Infrastructure Minister Milutin Mrkonjic said. The railway line will stretch between Valjevo and Loznica, in the country's west, and will connect central Serbia with neighbouring Bosnia and Herzegovina. Serbia is wrapping up an agreement with Russia on a USD 800mn loan that will go for investment in the railway infrastructure and the Valjevo-Loznica line is a priority, Mrkonijc was quoted as saying in a press release on the town of Valjevo's website. He added some works on the line have already been done and construction will be renewed in the coming month. Russian and Serbian companies are expected to work on the project. The line will accommodate train speed of 120 kilometres per hour.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more