EBRD/SERBIAN RAILWAYS CORRIDOR X

Project Description

The EBRD is considering providing a sovereign guaranteed loan of €100 million to finance:
- a programme of track renewal along the Corridor X railway line in Serbia;
- the procurement of up to 15 electric locomotives; and
- spare parts for the existing electric locomotive fleet. The European Investment Bank (EIB) will finance a complementary investment focusing on a programme of modernisation of the track from Belgrade to Novi Sad, which is a key section of Corridor X.

Transition Impact

The Project will contribute to the transition process by focusing on market liberalisation, which will be addressed through the adoption of a new company structure; assistance to the rail regulator; implementation of access charges and a network statement; and the provision of assistance to monitor energy use.
The Client. The Client for this project is Serbian Railways, the state-owned enterprise responsible for both infrastructure and operations, including the transportation of passengers and freight by rail within Serbia.

Budget

The total project cost is €296.4 million, with EBRD and EIB providing loans of €100 million and €150 million respectively.

Technical Cooperation:

The following technical co-operations funds are envisaged as part of this project:
- Final Design Belgrade to Novi Sad. €2 million. Funding from the IPA 2010) has been requested.
- Supervision and assistance to the Project Implementation Unit. €5 million. Funding from the Western Balkans Investment Facility (‘WBIF’) has been requested.
- Assistance to the Rail Regulator. €250,000. Funding from the WBIF has been requested.
- Assistance to monitor energy use. €300,000. Technical co-operation funding to be sought.

Deadline: 27 March 2013

For more info click here