Russian loan for Serbian railways to be activated in March
16. November 2010. | 11:51
Minister of Infrastructure Milutin Mrkonjic stated yesterday that projects on the Serbian railway network funded from the Russian loan could start in March next year.
In a statement, the Ministry of Infrastructure said that Mrkonjic discussed the construction of the Belgrade railway junction, Prokop railway station and the Valjevo-Loznica railway line with a delegation of the Russian state railways, which is on a three-day visit to Serbia.
The aim of the visit is to examine the status of these projects and coordinate conceptual projects so that work could start as soon as possible.
Vice President of the Russian state railways Avtandil Gorgiladze underlined that the projects on the Serbian railway network are of great importance for Russia and that the intention is to reach an agreement with Serbia by the end of this year.
The projects on the Serbian railway network should be financed from a €800 million Russian loan for infrastructure in Serbia.
A general agreement on this loan was made during the visit of Russian President Dmitry Medvedev to Belgrade in October 2009, it is added in the statement.