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Serbian railway infrastructure operator to sell 302 mln dinars (2.57 mln euro) worth of rail scrap

Serbian railway infrastructure operator to sell 302 mln dinars (2.57 mln euro) worth of rail scrap unsplash.com

BELGRADE (Serbia), January 27 (SeeNews) - Serbian state-owned company Infrastruktura Zeleznice Srbije said it will sell rail scrap worth 302 million dinars ($2.88 million/2.57 million euro) to ZGOP, a Novi Sad-based company for construction, repair and maintenance of railway lines.

The scrap includes steel rails and railway switches obtained after the removal of 435 km of out-of-use railway tracks, the company said in a statement on Wednesday.

The deadline for the tracks' removal and sale envisaged in the contract is two years, the company noted.

The removal of the tracks will make available 590 ha of land, in which many local municipalities have shown interest, it added.

Infrastruktura Zeleznice Srbije, the national railway infrastructure asset management firm, was established in 2015 following the unbundling of the Serbian Railways into three separate companies.

(1 euro = 117.301 dinars)

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