Serbia Reaches Railway Deal

June 8, 2010

BELGRADE — Serbia and Russia reached a preliminary agreement on financing two railway projects for a total of 470 million euros ($561 million), said Milovan Markovic, general manager of state railway company Zeleznice Srbije.

“The funds will be used for the construction of the Valjevo-Loznica rail line in the west … worth 260 million euros, and for a railway junction in Belgrade which is 210 million euros,” Markovic told B92 television.

(Bloomberg)

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