Zeleznice sign annex to the contract on Russian loan of USD 100 m
"Zeleznice Srbije" have
announced today that "RZD international" signed an annex on Russian
loan for modernization of Serbian railways which comprises procurement of 27
new diesel motors and components from Russian producer "Metrovagonmas" totaling USD 100 m.
The annex was signed by GM of "Zeleznice Srbije" Miroslav Stojcic and
"RZD International" Sergey Pavlov.
The annex will become effective after the approvals of the Ministry of
construction, traffic and infrastructure and the Ministry of Finance of Serbia
as well as the Ministry of economic development of Russia.
Apart from that, it is necessary that "Zeleznice Srbije" get banking guarantees from"RZD International" and "Metrovagonmas", as well as to pay deposit of 15% of annex value.
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