RZD International has subcontracted local company ZGOP Novi Sad for works on the Pancevacki Bridge -Pancevo Glavna (main station) railway section, informed Serbian Railways. The contract includes the reconstruction of the existing track and the construction and electrification of a new 15 kilometre track.
The works are part of a major railway modernisation project co-financed from a USD 800 million Russian state loan. Reconstruction, construction and modernization of the second rail line on the section Pancevo bridge – Pancevo main station is the first project from the Russian loan to be realized in 2014.
The value of the works is USD 91 million ( USD 78 million are from the Russian loan and USD 15 million are provided by the Serbian government.) The works should be completed in 960 days.