Source: Tanjug | Wednesday, 23.09.2015.| 12:23
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USD 26.4 million for three railroads - Serbian Railways and Russia's RZD International ink agreement to overhaul additional three stretches on Corridor X

Serbian Railways and the Russian railway firm RZD International signed Tuesday an agreement on the reconstruction and modernization of three stretches on Corridor X, in the south of Serbia, totaling 46 kilometers in length, and works should commence in Q1 2016.

The agreement was signed on the premises of Serbian Railways in the presence of Serbian Deputy Prime Minister and Construction, Transportation and Infrastructure Minister Zorana Mihajlovic and Oleg Belozyorov, the new president of the Russian railway firm, who previously opened a reconstructed 18-kilometer stretch on Corridor X, between Ruma and Golubinci, by passing it together on a train.

The agreement to modernize three railroads in the south of Serbia is valued at USD 26.4 million, and these works will be financied with the proceeds of the Russian loan for Serbian Railways in a total amount of USD 800 million.

This agreement was signed by Goran Maksic, the general manager of the company Infrastruktura zeleznice Srbije (Serbian Railways Infrastructure), and Sergey Pavlov, the general manager of RZD International. Railroads in question are Vinarci-Djordjevo (15 kilometers long), Vranjska Banja-Ristovac (17.7 km), and Bujanovac-Bukarevac (13.7 km).

Mihajlovic said on that occasion that Serbia would modernize 130 kilometers of railroads in 2015, adding that a total of 500 kilometers of railways would be modernized over the next three years.
She noted that the total value of current railway infrastructure development projects in Serbia was EUR 1.5 billion, adding that Serbia would soon have a modern and developed railways.
The agreement signing ceremony was also attended by Alexander Chepurin, the ambassador of the Russian Federation to Serbia.
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