MACEDONIA: In May Finance Minister Zoran Stavreski announced the allocation of a further €10m to fund projects to bring the rail network up to modern European standards for safety, automation and working conditions.
The money will go towards the development of a control centre which will monitor the entire 700 km network, plus the acquisition of four modern diesel and two electric locos and 36 wagons.
The World Bank is providing a further €17·5m for modernisation of Pan-European Corridor X.
EUROPE: The European Bank for Reconstruction & Development is providing two loans to support the development of Pan -European Corridor X through the Balkans. On October 15 EBRD signed its first rail sector loan in Macedonia, allocating €17·6m for upgrading of 53 km of track on three sections of Corridor ...
EUROPE: The transport ministers of Slovenia, Croatia and Serbia signed a declaration on July 30 agreeing to form a joint company by October to manage freight traffic on Pan-European Corridor X. Their aim is to provide more competitive freight services between central Europe and Turkey, cutting Istanbul - Ljubljana transit ...
PLANS to separate the Macedonian rail network into infrastructure and operating companies are due to be authorised by the government this month, in line with legislation approved last year. On February 17 Makedonski Zeleznici signed a loan agreement with the World Bank which will provide US$15m to support the restructuring. ...
