Agreement on Russian loan to be signed May 22

The Serbian and Russian Railways will sign in Belgrade on May 22 an agreement on a USD 800mn Russian loan to help Serbia's railway modernization.

Izvor: Tanjug

Saturday, 27.04.2013.

11:57

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MOKRA GORA The Serbian and Russian Railways will sign in Belgrade on May 22 an agreement on a USD 800mn Russian loan to help Serbia's railway modernization. This is according to Serbian Railways General Director Dragoljub Simonovic and Russian Railways official Mansurbek Sultanov. Agreement on Russian loan to be signed May 22 Simonovic said that Annex I for the execution of works on the second track of the Belgrade-Pancevo railway route would be signed together with this umbrella agreement. He said that the works on the section could begin as early as in June, adding that works on the railway Corridor 10 section from Ruma to Golubinci should also begin soon. Sultanov said that the agreement included everything that was planned to be financed by the Russian loan, including the Belgrade-Pancevo works, construction of six railway Corridor 10 sections in the total length of about 110 kilometers, construction of a Stara Pazova-Novi Sad railway line, reconstruction of the Belgrade-Bar section through Serbia and purchase of 26 new diesel trains from Russia. The Russian Railways representative said that Serbia would participate in the realization of these projects with an additional 15 percent and that the entire investment would total around USD 940mn. The announcement was made before the beginning of the First International Railway Business Forum organized in Mokra Gora, western Serbia, and taking place on April 26-28. The forum, titled “Modernization and Restructuring of Serbian Railways,” is bringing together representatives of more than one hundred firms, state institutions and local and international organizations. The Serbian railways general director said that the forum participants would discuss plans for accelerated development of Serbian railway infrastructure and ways to better utilize international loans and step up the projects' implementation. (Beta, file) Tanjug

Agreement on Russian loan to be signed May 22

Simonović said that Annex I for the execution of works on the second track of the Belgrade-Pančevo railway route would be signed together with this umbrella agreement.

He said that the works on the section could begin as early as in June, adding that works on the railway Corridor 10 section from Ruma to Golubinci should also begin soon.

Sultanov said that the agreement included everything that was planned to be financed by the Russian loan, including the Belgrade-Pančevo works, construction of six railway Corridor 10 sections in the total length of about 110 kilometers, construction of a Stara Pazova-Novi Sad railway line, reconstruction of the Belgrade-Bar section through Serbia and purchase of 26 new diesel trains from Russia.

The Russian Railways representative said that Serbia would participate in the realization of these projects with an additional 15 percent and that the entire investment would total around USD 940mn.

The announcement was made before the beginning of the First International Railway Business Forum organized in Mokra Gora, western Serbia, and taking place on April 26-28.

The forum, titled “Modernization and Restructuring of Serbian Railways,” is bringing together representatives of more than one hundred firms, state institutions and local and international organizations.

The Serbian railways general director said that the forum participants would discuss plans for accelerated development of Serbian railway infrastructure and ways to better utilize international loans and step up the projects' implementation.

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