Russia's RZD signs railway project documentation deal in Serbia

The Russian company will prepare documentation for the railway section linking Valjevo to the Montenegrin border via the town of Vrbnica, the government said in a statement.

RZD International's task is to complete the preparation of technical documentation for the reconstruction of the section next year, as works are scheduled to start in 2022, the deputy general director of the Russian company, Sergey Pavlov, said.

The Russian company completed in November 2019 the overhaul of the Resnik-Valjevo section of the railway line. A total of $79.9 million (71.7 million euro) was invested in the project.

In October, Serbia's government signed a contract to receive a 172.5 million euro loan from Russia for three railway overhaul projects. The loan will be used to finance the overhaul of sections with a total length of 209.8 km of the railway line linking Belgrade to the border with Montenegro, the construction of power infrastructure at the Stara Pazova-Novi Sad stretch of the Belgrade-Budapest railway, as well as the creation of an Integrated Traffic Control Centre (ITTC).

($ = 0.8508 euro)