Reconstruction of Belgrade - Pancevo rail can start - 9 million EUR participation provided for the project

(Photo: Ivana Vuksa)

The money will be paid to `RZD International`, which is due to make realization of 800 million USD loan for modernization of the railway in Serbia, on behalf of `Russian State Railways`.

- By this, practically all necessary conditions have been made for modernization of the rail Pancevo bridge - Pancevo main station - sad `Railways of Serbia` CEO, Dragoljub Simonovic.

Reconstruction, construction and modernization of the second rail line on the section Pancevo bridge - Pancevo main station is the first project from the Russian loan to be realized in 2014.

The value of works in 69 million EUR, out of which 60 million EUR is from the loan, and 9 million EUR, 15%, is provided by the state.

Pancevo bridge - Pancevo main station is 15 km long rail. After modernization and electrical reconstruction, its efficiency will be improved, and possible reachable speed by the trains will be 120 km/h.

Building permit was issued on October, 3, and 15% of the necessary funds create conditions for the beginning of works. Russian partners have already started selection of contractors.