EBRD approves 25 mln euro loan to Srbija Voz for railway depots

BELGRADE - Serbia will further upgrade its railway infrastructure thanks to a 25 mln euro loan from the European Bank for Reconstruction and Development (EBRD).

"Srbija Voz, Serbia's national rail passenger operator, will use the loan to build a new regional depot in Nis and rehabilitate two existing ones in Zemun and Sombor," the EBRD said in a statement.

"The facility, guaranteed by the Republic of Serbia, will enable Srbija Voz to finance not only building works for the depots, which are used for maintenance of its rolling stock, but also the procurement of new maintenance equipment and works supervision. The modernisation of maintenance practices will increase efficiency of passenger services.

As part of the project, Srbija Voz will also work on skills development and support new dual education programmes, and further improve its corporate governance," it...