The European Bank for Reconstruction and Development (EBRD) has approved a EUR 100 million loan to Srbija Voz for the purchase of 18 new trains.
As said in the EBRD’s announcement, Srbija Voz will buy new four-car coaches, which will provide comfortable and reliable regional passenger services on the electrified sections of the rail network.
The EBRD expects these to encourage more new passengers to shift their travel habits from road to rail services, leading to a reduction in greenhouse gas emissions.
Susan Goeransson, Director, Head of Infrastructure, Europe at EBRD, said that they were pleased to be one of the key partners of Srbija Voz in this revitalization project.
Jugoslav Jović, Acting General Manager of Srbija Voz, added that the project would improve the organization, quality and cost-effectiveness of passenger transport services in regional rail transport and enable safer and more comfortable rail transport for passengers.
The EBRD has already supported Serbian railway to buy new passenger coaches and freight wagons which now connect some of the country’s biggest cities. As well as investing in the new fleet, the EBRD has also supported Srbija Voz in expanding and upgrading a railway depot in Zemun, as well as supporting the company to improve its IT systems, energy management and ticket sales.
In parallel, the EBRD team supports the company to improve its management and corporate governance, which should lead to increased efficiency and overall modernization of the state company.