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The Government of the Republic of Serbia

In the service of citizens

IMF satisfied with implementation of reforms in railway sector

Belgrade, 28 February 2017

Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said today that the International Monetary Fund (IMF) did not have any objections to the implementation of the agreed reforms in that ministry, especially in the sectors of railway, roads and cadastre.

James Roaf and Zorana Mihajlovic

After a meeting with the IMF delegation led by the Head of the mission to Serbia James Roaf, Mihajlovic said that the topics discussed were reform of the railways, investments in this sector, the roads and a new way of maintenance since this year public calls for the maintenance of 3,000 kilometres of roads will be announced.

Speaking about roads, she said that contracts for this year’s rehabilitation of 220 kilometres of roads will be signed soon.

Mihajlovic pointed out that last year more than 3,200 people left the Serbian Railways and that years’ old debts of this company have been settled.

She said that the Serbian Railways made an inventory of all its property and found out that there is an excess of assets worth more than RSD 16 billion, which will be sold.

Mihajlovic said that the reform of the cadastre was also discussed, and added that a new law on cadastre will be adopted. The new law will be put on a public discussion from the first week of April.

The goal is to reduce the waiting time for registration in the cadastre from 45 days to one to three days, she explained and added that her ministry completed on time everything that was agreed.

The meeting was attended by representatives of the World Bank and the European Bank for Reconstruction and Development (EBRD), and the directors of these international financial institutions expressed their satisfaction with what has been done to date.