Tuesday, April 30, 2013

EUR 2.5 billion to be invested in Serbian railways

4/28/2013 2:06:00 PM

MOKRA GORA - Around EUR 2.5 billion will be invested in the Serbian railways in the next five to seven years, Serbian Railways Director General Dragoljub Simonovic has said at the First International Railway Business Forum in Mokra Gora, western Serbia.

The main goal is to provide Serbia with high quality and modern railways in line with the European standards, and the first results will be visible in three years, he said on Saturday. Simonovic said that in the course of 2013 around EUR 1.4 billion will be invested in the projects such as railway corridors 10 and 11, railway station Prokop in Belgrade and other facilities and railways. He said that the forum participants arrived in Mokra Gora by the Blue Train, adding that this is the first time the train was running after the death of the former president of the Socialist Federal Republic of Yugoslavia (SFRY). He said that as of January 1, 2014 the Serbian railways will operate according to a new business system after restructuring of the railways.

 Zeljko Sertic, president of the Serbian Chamber of Commerce (PKS), underlined that without good traffic, particularly railways, there is no sustainable development of any country. According to the European standards, Serbia needs to complete construction of traffic corridors, railway electrification, establishment of a new cargo system, and the PKS is available to all companies in Serbia for all types of contacts and business support, he said. The Railway Business Forum, whose media partner is news agency Tanjug, is attended by around 100 representatives of foreign and domestic companies, state bodies and institutions. The forum brought together over 50 representatives of foreign companies such as Russia's Zarubestroj, China's Sinohidro and Huawei, Germany's Siemens, Switzerland's Stadler, France's Alstrom and Italy's Italfer. Photo Tanjug, D. Peternek

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