The European Union has provided another EUR 38.5 million for the project of railway modernization in Kosovo, financed by the European Bank for Reconstruction and Development (EBRD) through the Western Balkans Investment Framework (WBIF).
The agreement on the grant in the amount of EUR 38.5 million was signed on Thursday, February 15, 2018, in Pristina, and is a follow-up to the EBRD’s loan for the modernization of railway infrastructure in Kosovo from 2015, worth EUR 39.9 million, the bank says in a press release sent to Tanjug.
The said project should upgrade the connections of the railway network with a wider European network through the Pan-European Corridor 8 and Corridor 10.
The modernization of the transport infrastructure is one of the key priorities of the EBRD in the Western Balkans, aiming to help upgrade trade routes in the region and develop a stronger cross-border cooperation.
The EBRD started investing in Kosovo in 1999. So far, 53 projects exceeding EUR 227 million in value have been contracted, the press release reminds.
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