October 31 (SeeNews) - Russian railway infrastructure engineering company RZD International is ready to participate in the overhaul of the entire Serbian section of the railway line connecting Belgrade to Montenegro's Bar port, Serbian media reported on Tuesday.
After completing the overhaul of the Resnik-Valjevo section, RZD International is interested in taking part in the project for reconstruction of the stretch linking Valjevo to Vrbnica, near the border with Montenegro, news daily Politika quoted the deputy managing director of the company's Serbian unit, Mansurbek Sultanov, as saying.
"We have talked about this with people from the pertinent ministry and we expect an answer. The execution of this big project requires the definition of a financing model, which will be a decision of the Serbian government," Sultanov said.
The reconstruction of the Valjevo-Vrbnica stretch would cost some 220 million euro ($256 million), Politika said.
Serbia's infrastructure ministry said earlier this month that RZD International plans to complete the overhaul of the Resnik-Valjevo section of the railway line on November 14. Reconstruction works are funded with the proceeds of a $800 million loan extended by Russia to Serbia's state-run railway operator Zeleznice Srbije in January 2013.
($ = 0.859224 euro)