EU Bank Puts Up €95M For Serbian Railway Improvements

Law360, New York (January 27, 2012, 7:10 PM EST) -- The European Bank of Reconstruction and Development will loan Serbia's national railroad company €95 million ($125 million) to rehabilitate key sections of the Balkan country's main north-south rail line, the EBRD announced Friday.

The sovereign-guaranteed loan will go to the state-owned joint stock company Serbian Railways, which oversees infrastructure and operations along Corridor X, Serbia's main regional link with its neighbors, especially Bulgaria to the southeast. Serbian Railways is in the midst of a €290-million project to make Corridor X's passenger and freight services more efficient...
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