Macedonia to invest 17 Mil. Euros for Faster Trains
Sunday, 11 July 2010

Loan of EUR 17,500,000 will be used for improvement of railroad infrastructure of Corridor 10. The money has been provided by the European Bank for Reconstruction and Development (EBRD) and construction work is expected to start next year.

Four sections Tabanovce-Kumanovo, Miravci-Smokvica, Zgropolac-Negotin will be renovated by 2013. The investment should speed up the railroad traffic. Mile Janakieski, Macedonian transport minister says that Corridor 10 is of great importance for Macedonia because 90 percent of goods are transported by trains.

Moreover, Corridor 8 is still waiting for better recovery conditions to be established, the same goes for replacement of old trains. However, more than EUR 400 million have to be obtained first.

 



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