BELGRADE (Serbia), February 1 (SeeNews) – The Serbian government has approved 1.0 billion dinars ($11.5 million/8.9 million euro) in funding this year for rolling stock upgrades that should help state railway company Zeleznice Srbije overcome business difficulties during the economic crisis, the director of Zeleznice Srbije, Dragoljub Simonovic, said.
The approved funds will enable domestic companies engaged in the upgrade and production of rolling stock to stabilize their businesses while helping Zeleznice Srbije significantly increase the number of trains and thus alleviate traffic problems caused by a persistent shortage of locomotives and wagons, Simonovic said in a statement on the website of Zeleznice Srbije on Thursday.
The funds are planned to be disbursed among state-owned rolling stock repairers and manufacturers Zelvoz (350 million dinars), Fabrika Vagona (250 million dinars), MIN–Vagonka (200 million dinars), Sinvoz (129.5 million dinars) as well as privately-owned Mip RSV (45 million dinars) and Inter-Mehanika (25.5 million dinars).
(1 euro=112.4829 Serbian dinars)