EU money

Serbia will receive EU grant to rebuild railway

Serbia is soon to receive EU money worth €600 million to reconstruct the Belgrade-Niš railway by 2029, making it the largest single grant Serbia has ever received from the bloc. The contract for the reconstruction of the Belgrade-Niš railway will cost €2.2 billion, of which about €600 million is to come from an EU grant, Demostat has learned. Leading the construction financially is the European Investment Bank, which has approved a loan of €1.1 billion. The European bank for reconstruction…