€2.2 billion financial package for Rail Corridor X has been announced today between Serbia, the European Union, European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD). The package supports upgrade of the Belgrade-Niš section of Railway Corridor X, which will allow fast train connection of up to 200km/h between the two cities enabling faster flow of goods and services as well as contribute to the speedy integration into the EU railway networks. The package consists of an investment grant of up to €598 million from the EU – the largest EU grant donation for a single project in Serbia to date; a €1.1 billion loan from the EIB and a €550 million EBRD loan. The EU has already approved €265 million worth grants and the first tranche amounting to €82.8 million was sealed in a symbolical signature event onboard a train from Belgrade towards Niš.
From Belgrade to Niš for 100 Minutes at up to 200 km/h
