Croatia's Gredelj Wins 3.5 Mln Euro Deal for Wagons Upgrade in Montenegro - Media

Five of the wagons should be ready by May next year, and the upgrade of the reminder should be completed by September, Poslovni Dnevnik reported.

TZV Gredelj ( www.tzv-gredlej.hr ) is a subsidiary of state-owned railways operator Croatian Railways and has two plants in Zagreb. It plans to move all its operations to one of its plants by the end of 2009.

Zeljeznica Crne Gore is majority owned by the state. Montenegro's government plans to sell its 69% stake through an open international tender. The tender was initially planned to be launched in August, but the privatisation has not started yet.

($=0.776 euro)