EBRD lends 30 mln euro to Montenegrin railway operator

ZPCG will use the funds to purchase three electric multiple-unit trains, replacing the old, energy-inefficient, locomotive-hauled trains currently in operation, the EBRD said in a statement.

The signing of the loan agreement and the guarantee agreement will be followed by a selection of consultants and an international two-phase tender for the procurement of new trains, ZPCG's executive director, Ilinka Pavicevic, said in the statement.

($ = 0.934 euro)