Agreements on Climate Change and Rail Modernization Loans Worth EUR 235 Million Signed

Serbian Finance Minister Sinisa Mali and representatives of the French Development Agency and the World Bank today signed agreements on two loans – on climate change and rail modernization – in the presence of Serbian Prime Minister Ana Brnabic.

The agreements pertain to the Program Loan for Public Policies for Climate Change and the Loan for the Project of Modernization of the Rail Sector in Serbia through the Implementation of a Multiphase Program Approach and are worth around EUR 235 million.

The loans will be invested in projects of environmental protection and ecological transition of Serbia.

Ana Brnabic said that the first loan was worth EUR 132.6 million and the second EUR 102 million.

As she explained, the first one is co-financed by the EBRD with EUR 82.6 million and the French Development Agency with EUR 50 million, whereas the second one is co-financed by both these organizations with EUR 51 million each.

Brnabic said that the money would be invested in the modernization of railways, which she called the greenest form of transport, and in environmental protection.

The agreements were signed with the French Ambassador to Serbia, Jean-Louis Falconi, the Regional Director for Eurasia of the French Development Agency (AFD), Cecile Couprie, and the Regional Director for the Western Balkans of the World Bank, Linda van Gelder, the Government of Serbia announced on its website.

Vlada Republike Srbije

Ministarstvo finansija Republike Srbije

Svetska Banka-WB Beograd

EBRD Evropska banka za obnovu i razvoj Beograd

Ambasada Republike Francuske Beograd

Government of Serbia

Ministry of Finance

French Development Agency

AFD

World Bank

EBRD

Embassy of France in Serbia

Linda van Gelder

Jean Louis Falconi

Ana Brnabic

Sinisa Mali

Cecile Couprie

climate change loan

rail modernization loan