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Serbia's Energoprojekt signs rail station construction deal

Author Radomir Ralev
Serbia's Energoprojekt signs rail station construction deal Source: Energoprojekt Holding

BELGRADE (Serbia), June 13 (SeeNews) - Serbia's Energoprojekt [BEL:ENHL] signed a 50.9 million euro ($57.5 million) contract for the construction of a technical and passenger station facility in Belgrade's urban municipality of Zemun, it said.

Energoprojekt will participate in the project via subsidiaries Energoprojekt Niskogradnja [BEL:EPNS] and Energoprojekt Oprema [BEL:ENOP], in consortium with French sector player Colas Rail, it said in a filing with the Belgrade Stock Exchange on Wednesday.

The deadline for the completion of works is 800 days, Energoprojekt said.

The contract was signed with municipal road management company state railway company Srbija Voz, the sole passenger service operator in the country.

In June 2018, the European Bank for Reconstruction and Development (EBRD) provided a sovereign guaranteed loan of up to 37 million euro to Srbija Voz to finance the expansion and upgrade of the company’s Zemun technical passenger station facility.

The EBRD signed an agreement with Srbija Voz in December 2017 to provide the first portion of a 47 million euro loan to finance the expansion and upgrade of the Zemun maintenance depot in Belgrade.

($ = 0.8851 euro)

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