167 km of railway to be modernized thanks to Russian loan

A total of 167 km of railway will be modernized in Serbia this year thanks to the Russian loan, Serbian Construction Minister Zorana Mihajlovic has said.

Izvor: Tanjug

The Serbian minister on Wednesday talked with RZZD International Director Sergei Pavlov about the opportunities for speeding up the implementation of the agreement between the Serbian and Russian governments.

“The implementation of the agreement will be one of the most important tasks of the new government,” the line ministry cited Mihajlovic as saying.

The Serbian parliament ratified the five-year agreement on the Russian loan on March 15, 2013, its total value being USD 940 million, including Serbia's share of 15 percent, reads the release.

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