September 7 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Wednesday it plans to provide Serbian state-owned passenger railway transport company Srbija Voz with a sovereign-guaranteed 25 million euro ($24.77 million) loan to finance the rehabilitation and upgrade of six regional depots.
The project will also include the procurement of new maintenance equipment, substantial energy efficiency measures, and Project Implementation Unit support and supervision to enhance the efficiency of passenger services through improved maintenance practices, the EBRD said in project summary document.
The project has a scheduled approval date of November 16.
($ = 1.00909 euro)