The Serbian Government plans to upgrade and build more than 400km of railway lines over the next three years with financial support from the EBRD, the Czech Republic, China and the Russian Federation. The value of projects implemented by Serbian Railways so far reaches EUR 1.2 bn. In addition, the reform of Serbian Railways will also start off, with two separate companies for infrastructure and transport to be established.
Currently, Serbian Railways is negotiating Annex II terms of the USD 800 Russian state export loan agreement. The second contract will include modernisation works for six sections (112 km) of Corridor X:
– Ruma – Golubinci (18km)
– Sopot Kosmajski – Kovačevac (approx. 18, 4 km)
– Mala Krsna – Velika Plana (approx. 29,5 km)
– Vinarci-Đorđevo (15 km)
– Vranjska Banja – Ristovac (17,7 km)
– Bujanovac – Bukarevac (13,7 km)
As agreed in the frame contract, the participation of Serbian companies in the projects should reach approximately 30% of the total loan amount, about USD 240 million.
In a recent interview for the Serbian publication Politika, the President of Russian Railways, Vladimir Yakunin confirmed that the negotiations with Serbian Railways over the purchase of the 27 DMUs (USD 100 million) are in the final phase.