EBRD finances upgrade of Montenegro's strategic Bar railway link
Montenegro, Oct. 1 -- Montenegro's main railway connection between the Port of Bar, Podgorica and the border with Serbia is set to become safer and more reliable thanks to investments supported by the European Bank for Reconstruction and Development (EBRD).A €50 million loan from the EBRD will allow Montenegro's state-owned railway company to finance rehabilitation works on the 39 km Golubovci-Bar section of the line. The works will include renewing the tracks, three railway stations and 11 bridges, as well as upgrading signalling, telecommunications and power-supply systems. The investment is expected to improve journey times and safety, reduce operating and maintenance costs, and encourage a shift from road to rail, helping to reduc...
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