railway traffic

Serbia: EBRD, EU and EIB support high-speed rail with €2.2 billion

The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the European Investment Bank (EIB) are joining forces to support Serbia’s large-scale modernisation of the rail link connecting Belgrade to the country’s second-largest city, Niš. The three organisations are providing a €2.2 billion financing package to Serbia for a much-needed upgrade of the strategic rail link, which forms part of the Pan-European Corridor X railway axis. The package includes a €550 million EBRD loan, the largest EBRD…