Serbia Signs Grant of EUR 175 Million with EIB – Second Tranche for Belgrade-Nis Railroad

The Government of Serbia and the European Investment Bank (EIB) have signed an agreement on the allocation of a grant of EUR 175 million, which is the second tranche of the EU grant of a total of EUR 600 million for the construction of the fast railroad from Belgrade to Nis, the EIB announced.

The signing ceremony was attended by Serbia’s Prime Minister Ana Brnabic, EIB Vice-President Lilyana Pavlova, Minister for European Integration Tanja Miscevic, Minister of Construction, Transport and Infrastructure Goran Vesic, EU Ambassador to Serbia Emanuele Giaufret and Director General of Serbian Railways Infrastructure Nebojsa Surlan.

As said, only a month after the first grant was signed, EIB Global signed a second EU grant for EUR 174.6 million for the subsection Paracin-Trupale-Medjurovo rail route, part of an EU financial package totaling EUR 2.2 billion for the Belgrade-Nis section of the Railway Corridor X.

It is reminded that this is a flagship project of the Economic and Investment Plan for the Western Balkans, and a Team Europe Initiative.

The package also includes a EUR 1.1 billion EIB loan and a EUR 550 million loan from the European Bank for Reconstruction and Development (EBRD).

The funds will enable the upgrade and modernization of 230 km of railroad. This will enable travel speeds of up to 200 km/h between Belgrade and Nis, increase trade flows and stimulate economic growth along the route.

While it currently takes almost a whole working day to travel from Belgrade to Nis, once the project is finished, it will take only one hour and 40 minutes.

Vlada Republike Srbije

Evropska investiciona banka EIB

Delegacija Evropske unije u Republici Srbiji Beograd

Ministarstvo građevinarstva, saobraćaja i infrastrukture Republike Srbije

Ministarstvo za evropske integracije Republike Srbije

Infrastruktura Železnice Srbije Beograd

EIB

EIB Global

Ana Brnabić

Emanuele Giaufret

Lilyana Pavlova

Goran Vesić

Tanja Miščević

Nebojša Šurlan

grant agreement

Paraćin Trupale Međurovo section

Belgrade Niš railroad

Corridor 10

Corridor X

Economic and Investment Plan

Team Europe Initiative