Srbija Voz Purchasing New Trains With EBRD Loan

European Bank for Renewal and Development (EBRD) has announced that the Serbian national company for railway passenger transport Srbija Voz will purchase up to 18 new trains, using the loan of this bank of 100 million EUR.

New electrical trains will have four cars and will operate on regional railways, providing passengers with an alternative to road transport and will contribute to the reduction in greenhouse emissions, the press release states.

Acting Director General of Srbija Voz Jugoslav Jović thanked the Government of Serbia and the Ministries of Finance and Construction, Transport and Infrastructure on assistance that enabled Srbija Voz to implement another EBRD-financed project. “his project will improve the organization, quality and cost-effectiveness of passenger transport services in regional rail transport, and will enable safer and more comfortable rail transport for passengers” said Jović.

Up to now, EBRD has extended over 1 billion EUR to Serbia for investments in sustainable infrastructure. It is one of the key partners for modernization and development of Serbian railways, through the loans for purchase of new passenger and freight cars, upgrade and expansion of railway depo in Zemun, as well as for improvements in company’s IT systems, energy management and ticket sales.