Q:
A:
Agreement on loan for Serbian railways signed
Belgrade/Moscow,
11 January 2013
Minister of Finance and Economy Mladjan Dinkic signed in Moscow today with Russian Minister of Finance Anton Siluanov the Agreement on the state loan worth $800 million for the needs of the Serbian railways Zeleznice Srbije.
Author:
infobiro.tv
Dinkic said that the loan, the biggest one the Serbian railways ever received, will be used for the modernisation of the railway corridor 10 and for the reconstruction of the Belgrade-Bar railway.
The first project to be financed from this loan will be the Belgrade-Pancevo railway and the works should start in spring this year.
The Minister of Finance and Economy said that both Serbian and Russian companies will take part in the modernisation of the Serbian railways and added that the loan conditions are very favourable.
The repayment deadline is five years, the interest loan is 4.1% and the banks authorised to release the loan are the Russian state bank Vnesheconombank and the National Bank of Serbia (NBS).
The agreement on the Russian loan to Serbian railways envisages the construction and electrification of 16 kilometres of the second track of the Belgrade-Pancevo railway, the construction of a one-track electrified railway from Valjevo to Loznica 68 kilometres long.
The funds are also earmarked for the rehabilitation of six sections of the railway line along the Corridor 10 in the length of 111 kilometres, the modernisation of the Belgrade-Bar railway and the purchase of trains with diesel fuel made in Russia.
Dinkic and Siluanov will also discuss in Moscow the realisation of a loan worth $1 billion for the support to the budget of Serbia.
As part of his working visit to Russia, Dinkic is also scheduled to meet with President of the Management Board of VTB Bank Andrey Kostin.
The first project to be financed from this loan will be the Belgrade-Pancevo railway and the works should start in spring this year.
The Minister of Finance and Economy said that both Serbian and Russian companies will take part in the modernisation of the Serbian railways and added that the loan conditions are very favourable.
The repayment deadline is five years, the interest loan is 4.1% and the banks authorised to release the loan are the Russian state bank Vnesheconombank and the National Bank of Serbia (NBS).
The agreement on the Russian loan to Serbian railways envisages the construction and electrification of 16 kilometres of the second track of the Belgrade-Pancevo railway, the construction of a one-track electrified railway from Valjevo to Loznica 68 kilometres long.
The funds are also earmarked for the rehabilitation of six sections of the railway line along the Corridor 10 in the length of 111 kilometres, the modernisation of the Belgrade-Bar railway and the purchase of trains with diesel fuel made in Russia.
Dinkic and Siluanov will also discuss in Moscow the realisation of a loan worth $1 billion for the support to the budget of Serbia.
As part of his working visit to Russia, Dinkic is also scheduled to meet with President of the Management Board of VTB Bank Andrey Kostin.
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