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Srbija Kargo offers for sale 775 used rail cars

Author Radomir Ralev
Srbija Kargo offers for sale 775 used rail cars Peter Gudella/

BELGRADE (Serbia), June 13 (SeeNews) - Serbian rail freight railway operator Srbija Kargo plans to launch an auction for the sale of 775 used cars, it said. 

The auction will be held on June 21 at the company's headquarters, Srbija Kargo said in a notice posted on its website on Wednesday.

The initial price of the cars amounts to 19 dinars ($0.18/0.16 euro) per kg, or a total of 258.7 million dinars, Srbija Kargo said.

Srbija Kargo was established in August 2015 following the unbundling of railway operator Zeleznice Srbije into a holding company with three subsidiaries under the terms of a stand-by arrangement with the International Monetary Fund (IMF) signed in February of that year.

(1 euro = 118.678 dinars)