📋 Tender Overview
Location: Serbia
Project number: 55104
Business sector: Transport
Notice type: State
Environmental category: B
EBRD Finance Summary: EUR 50,000,000.00
Total Project Cost: EUR 50,000,000.00
Project Description
Provision of a sovereign loan of up to €50 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") for the benefit of Serbian Railways Infrastructure ("SRI" or the "Company"), the fully state-owned national railway infrastructure asset management company.
The loan will finance the procurement of goods for the urgent rehabilitation of rail tracks across the network on pre-defined sections (the "Project"). The Project will be implemented by SRI with the support of the Ministry of Construction, Transport and Infrastructure ("MoCTI").
Project Objectives
Enhancement of the quality of rail infrastructure on the Serbian rail network with a particular emphasis on improving the operational speed and the prevention of derailments, resulting in enhanced reliability and safety of passenger and freight rail services, ultimately leading to higher attractiveness of the railway sector and promotion of modal shift.
Transition Impact
ETI score: 66
The Transition Impact of the Project will be derived from the following transition qualities:
Green: The Project will improve the reliability, safety and overall effectiveness of the railway sector, ultimately supporting modal shift towards rail transportation.
Inclusive: The Project will build upon the ambitious Inclusive transition quality implemented under the previous project with SRI (High Speed Rail Belgrade to Nis - OpID 53136) by increasing the share of women within the Company while implementing community outreach activities focused on young women to attract them to the railway sector or to prompt them to enrol in railway sector higher education.
