📋 Tender Overview
Project ID: 56092
Status: Exploratory
Location: Serbia
Business Sector: Transport
Notice Type: State
Project Description
Provision of a sovereign-guaranteed loan in the amount of up to €42 million to the Joint Stock Company for Railway Passenger Transport Srbijavoz Belgrade ("Srbijavoz" or the "Company"), the state-owned railway passenger operator of the Republic of Serbia, to finance the acquisition of twelve modern railway sleeping cars (the "Project").
Project Objectives
1. Enhance passenger services on existing railway routes that use sleeping cars.
2. Support Srbijavoz in expanding its international rail passenger services by providing upgraded sleeper carriages that are suitable for high-speed routes and permissible to operate in EU countries.
3. Contribute to increasing the attractiveness and competitiveness of rail transportation as a greener transport mode.
Transition Impact
ETI score:65
transition impact of the Project will be derived from the following transition qualities:
i Integrated
By financing the purchase of twelve modern railway sleeping cars intended for international passenger transportation, the Project will provide new infrastructure to better connect regions that are currently inadequately integrated.
i Well-governed
The Project will enhance Srbijavoz's governance by facilitating the review and update of the current Srbijavoz Public Service Obligation ("PSO") contract in accordance with best practices.
Client Information
SRBIJAVOZ JSC
Srbijavoz, a joint stock company established in 2015 following the unbundling of the vertically integrated JSC Serbian Railways, serves as Serbia's national railway passenger operator and is fully owned by the Republic of Serbia. Srbijavoz is currently undergoing a significant modernization process, including upgrade of both its rolling stock and maintenance depots as part of the overall effort for the rail development in Serbia.
EBRD Finance Summary
EUR 42,000,000.00
Sovereign-guaranteed loan of up to EUR 42 million.
Total Project Cost
EUR 42,000,000.00
Additionality
The Bank's additionality is derived from i) the Bank's provision of long-term financing that would not be accessible through commercial sources on reasonable terms and conditions; ii) helping the Company in setting standards in terms of PSO contract and adhering to best international practices and iii) achieving higher gender and equal opportunities standards through enhanced safety and gender-based violence and harassmentprevention.
Environmental and Social Summary
Categorised B (ESP 2019). Environmental and social due diligence ("ESDD") is currently being undertaken based on the review of the Project ESDD Questionnaire, supporting documentation, technical due diligence report, and includes an audit of the client's capacity to manage environmental, social and health and safety risks and assessment of the environmental and social ("E&S") project risks and impact
