Source: Beta | Thursday, 10.12.2015.| 13:06
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Annex to agreement on Russian loan for Serbian railways signed - Works kick off March 2016

(Photo: potowizard/shutterstock.com)
Representatives of the newly formed company Infrastruktura zeleznice Srbije and Russia's RZD International signed today in Belgrade an annex to the agreement on the Russian loan for the modernization of Serbian railways, which entails the reconstruction of 77.6-kilometer stretch between Resnik and Valjevo on the Belgrade-Bar railroad.

Works valued at about USD 80 million will kick off March 2016 and last for 14 months.

The agreement on the Russian loan totaling USD 800 million was signed January 2013. Proceeds of this loan will be spent on the modernization of electrification of the Belgrade-Pancevo railroad, renovation of six railroad stretches on Corridor X in a total length of 111 kilometers, procurement of new diesel engine trains, construction of the Valjevo-Loznica railroad, and the reconstruction of the Serbian arm of the Belgrade-Bar railroad.

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