According to the Bank’s website, the project consists of upgrading to 160 km/h and track duplication of the section Stalac-Djunis of the line Belgrade-Nis railway line.

The project is part of a framework of schemes targeting upgrading and modernisation of the railway line "Belgrade-Nis" (approx. 230 km). It contributes to the development of economic infrastructure, in particular transport. It is located on the core Trans-European Transport Network (TEN-T), as extended to specific neighbouring countries based on high-level agreements on transport infrastructure. By facilitating rail transport, the project will contribute to the competitiveness of the country's economy. The project will increase the quality, availability and reliability of rail services in Serbia, and contribute to the modal shift from roads to rail. It will generate time and vehicle operating costs savings, reduce the maintenance costs of the infrastructure, improve railway and road safety and present environmental benefits, including climate change mitigation.

No contact information provided at the time of the disclosure.

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