Project ID: 67195

Chinese Government pledges EUR 160 million loan for the extension of the Belgrade – Niš – Preševo railway line (Linked to Project ID#67192)

Pledged amount

$ 205743391.3646517

Adjusted pledged amount

$ 205743391.3646517

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Serbia

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2018-01-01

Description

In 2018, Serbian state-owned company Infrastruktura Zeleznice Srbije signed a framework agreement for the overhaul of a railway line linking Belgrade to the North Macedonian border with China Road and Bridge Corporation (CRBC). The construction of the 88 km railway line will cost approximately €160 million EUR. This project is part two of a larger project to extend the Belgrade – Niš railway line to the North Macedonian border (the completed project will be the Belgrade – Niš – Preševo railway line; phase one of the project is recorded in the linked project #67192). This second phase of the project is 88-km, and runs from Niš to Presevo section, at a cost of EUR 160 million. In May 2019, a framework agreement for the overhaul of the Belgrade-Nis-Presevo railway was signed between Serbian Railways Infrastructure (Infrastruktura Zeleznice Srbije) and CRBC. The contract is for the design, delivery and execution of works on certain sections of the railway line linking Belgrade to the town of Presevo, on the Serbian side of the border. In July 2019, a Feasibility Study with the Preliminary Project and the Environmental Impact Assessment Study from the WBIF Fund was prepared for the Belgrade-Nis railroad's second demanding section, from Stalac to Djunis. Changes were being made to the technical documentation in accordance with the comments from the members of the State Audit Committee, and their approval was expected by the end of 2019. Financing of this project had not yet been provided, and the plan was to apply for EIB loan funds and grants through the WBIF program. As of July 2020, the Government of Serbia had reviewed the larger Belgrade-Nis-Presevo railway project and decided to focus on the Belgrade – Niš section, but to also increase the speed of the railway, leading to a higher proposed project cost. The Niš – Preševo section will be upgraded after completing the mentioned line to Niš. As such, the current status of the project's implementation and financing is unknown. The Belgrade-Presevo railway line is part of Corridor X, or Corridor 10, which will facilitate the traffic of goods from Greece's Piraeus port to Central Europe, the Serbian company said. Corridor X will connect Salzburg in Austria to the Greek Aegean port of Thessaloniki, passing through Slovenia, Croatia, Serbia and North Macedonia.

Additional details

The exact date that the agreement was signed cannot be found, but it is possibly the same date on which the agreement for Project ID #67192 was signed.

Number of official sources

1

Number of total sources

8

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Serbia [Government Agency]

Implementing agencies [Type]

China Road & Bridge Corporation (CRBC) [State-owned Company]

Loan Details

Bilateral loan

Investment project loan