Serbia Railway Sector Modernization

Abstract*

Phase 1 will focus on upgrading existing rail infrastructure and establishing the enabling environment for further corporatization of the railway companies and operationalization of sector reforms. This will be achieved through implementation of the following three components: 1. Component 1. Infrastructure Investments and Asset Management (US$ 107.5) 2. Component 2. Institutional Strengthening and Project Management (US$ 10.14) 3. Component 3. Railway... Show More

Development Objective

Phase 1 Project Development Objective: To enhance the efficiency and safety of existing railway assets and improve governance and institutional capacity of the railway sector.

Key Details

Project Details

Project ID
P170868
Status
Active
Team Leader
Tamara Mihaljcic , Daniel Pulido, Mercedes Gutierrez Ferrandiz
Borrower 2
Republic of Serbia

Country
Serbia
Disclosure Date
November 18, 2019
Approval Date
(as of board presentation)
March 17, 2021
Effective Date
September 24, 2021

Total Project Cost 1
US$ 125.00 million
Implementing Agency
Serbia Railways Infrastructure,Ministry of Construction, Transport and Infrastructure,Railways Directorate,Serbia Voz,Serbia Cargo
Region
Europe and Central Asia
Fiscal Year 3
2021

Commitment Amount
US$ 125.00 million
Environmental Category
N/A
Environmental and Social Risk
Substantial
Closing Date
December 31, 2026

Consultant Services required
No
Last Stage Reached
BANK APPROVED
Last Update Date
October 23, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change91%
- FY17 - Adaptation12%
- FY17 - Mitigation80%

FY17 - Human Development and Gender

FY17 - Gender94%

FY17 - Private Sector Development

FY17 - ICT14%
- FY17 - ICT Solutions14%
FY17 - Jobs14%
- FY17 - Job Creation14%

FY17 - Urban and Rural Development

FY17 - Urban Development100%
- FY17 - Public Transport100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
FRANCE: French Agency for Development	62.50
International Bank for Reconstruction and Development	62.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	62.50
IDA Commitment	N/A
IBRD + IDA Commitment	62.50

Lending Instrument
Grant Amount	62.50
Total Project Cost**	125.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 17, 2021	IBRD-92210	Loan Commitment	62,500,000.00
Jun 15, 2023	IBRD-92210	Int Charges	53,656.19
Dec 15, 2022	IBRD-92210	Int Charges	4,627.94
Dec 12, 2023	IBRD-92210	Loan Disb	1,079,600.00
Dec 15, 2023	IBRD-92210	Int Charges	77,427.60
Dec 15, 2023	IBRD-92210	Int Charges	65,796.48
Jun 15, 2024	IBRD-92210	Int Charges	373.84
Jun 15, 2024	IBRD-92210	Int Charges	62,696.21
Jun 15, 2024	IBRD-92210	Int Charges	21.98
Jun 15, 2024	IBRD-92210	Int Charges	103,251.45
Jun 15, 2024	IBRD-92210	Loan Repay	245,507.33
Jun 18, 2024	IBRD-92210	Loan Disb	2,679,500.00
Jun 15, 2022	IBRD-92210	Int Charges	574.22
Dec 15, 2022	IBRD-92210	Loan Disb	2,124,900.00
Dec 15, 2021	IBRD-92210	Int Charges	62,524.93
Dec 15, 2021	IBRD-92210	Int Charges	36.84
Dec 23, 2021	IBRD-92210	Loan Disb	1,132,400.00
Jun 15, 2022	IBRD-92210	Int Charges	65,226.96
Oct 5, 2021	IBRD-92210	Fee Charges	147,829.88
Oct 5, 2021	IBRD-92210	Loan Disb	147,829.88
Jun 15, 2023	IBRD-92210	Int Charges	64,701.46
Dec 15, 2022	IBRD-92210	Int Charges	66,415.25

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2024-12-03
Project Management	Satisfactory	2024-12-03
Monitoring and Evaluation	Satisfactory	2024-12-03
Progress towards achievement of PDO	Satisfactory	2024-12-03
Financial Management	Satisfactory	2024-12-03
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-12-03

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

PrDO: Increase national freight rail market share by 10 percent ton-km (from 22.5 percent to 24.74 percent of the market)	Value	22.50	22.50	24.74
	Date	December 31, 2019	October 13, 2023	December 31, 2032
	Comment

PrDO: Reduce fatality rates on the rail network by 23 percent (fatalities per train-kilometers) (from 3.56 to 2.74 fatalities per train-kilometers)	Value	3.56	3.56	2.74
	Date	December 31, 2019	October 13, 2023	December 31, 2032
	Comment

Phase 1: Improve financial transparency in IZS, SC, SV, and RD Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2032
Comment
Phase 1: Increase average train speeds on rehabilitated sections (kmh) Value 82.00 82.00 100.00
Date September 1, 2020 October 13, 2023 December 31, 2032
Comment
Contingency plan under Safety Management System is operationalized Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2032
Comment
Reduce accidents at level crossings per year by 25 percent (from 43 to 32 crashes per year) Value 43.00 43.00 32.00
Date December 31, 2019 October 13, 2023 December 31, 2032
Comment
New hiring/recruitment procedures are based on the HR strategy Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2032
Comment

PrDO: Increase the national passenger rail market share by 30 percent (pass-km) (from 3.5 percent to 4.63 percent of the market)	Value	3.50	3.50	4.63
	Date	December 31, 2019	October 13, 2023	December 31, 2032
	Comment

PrDO: Safety risk assessment operationalized and implemented Value No No Yes
Date September 24, 2020 October 13, 2023 December 31, 2032
Comment
IZS rehabilitation plans are based on outputs from Asset Management System Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2032
Comment
Increase network utilization by 5 percent (from 8.10 and to 8.5 daily train-kilometers per network track kilometer) Value 8.10 8.10 8.50
Date December 31, 2019 October 13, 2023 December 31, 2032
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Phase 1: Action plan for IRS implementation delivered Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Legal and regulatory instruments developed to modernize RD's role as regulator Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Number of level crossings upgraded Value 0.00 0.00 150.00
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: IRS demonstration project implemented and documented Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Recommendations delivered for IZS, SC and SV to adopt commercially oriented, independent, and modern management Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Number of measurement stations installed Value 0.00 0.00 4.00
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: SMS action plan is delivered Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Recommendations delivered for SC to adopt modernized business processes Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Selected SMS and resilience interventions are implemented Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: HR strategies for RD, IZS, SC and SV delivered and implemented Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Second stage of main railway station in Belgrade center constructed Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Training programs in RD, IZS, SC and SV implemented Value No No Yes
Date September 1, 2020 October 13, 2023 December 1, 2027
Comment
Phase 1: Delivery of a plan for achieving integration of components of asset management system Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Study on integration of railways with territorial development delivered Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: PhD scholarships in rail-related subjects awarded to females Value 0.00 0.00 3.00
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Delivery of fully functioning asset management system Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Pilot projects on integrated rail-territorial development implemented Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Gender Action Plans adopted by RD, IZS, SC and SV Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Equipment for maintenance and rehabilitation of railway assets operational Value No No Yes
Date November 20, 2020 October 13, 2023 December 31, 2026
Comment
Phase 1: Study on modal shift delivered Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Percentage of beneficiaries reporting project established effective engagement processes Value 0.00 0.00 70.00
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Analysis and road map for ownership structure of SC delivered Value No No Yes
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Software for Timetable construction for IZS implemented Value No No Yes
Date November 20, 2020 October 13, 2023 December 31, 2026
Comment
Phase 1: Number of staff trained in safety risk assessment in RD, IZS, and SV Value 0.00 0.00 10.00
Date September 24, 2020 October 13, 2023 December 31, 2027
Comment
Phase 1: Km of tracks rehabilitated Value 0.00 0.00 37.10
Date September 1, 2020 October 13, 2023 December 31, 2027
Comment

Phase 1: Increase average train speeds on rehabilitated sections (kmh)	Value	82.00	82.00	100.00
	Date	September 1, 2020	October 13, 2023	December 31, 2032
	Comment

Reduce accidents at level crossings per year by 25 percent (from 43 to 32 crashes per year)	Value	43.00	43.00	32.00
	Date	December 31, 2019	October 13, 2023	December 31, 2032
	Comment

Increase network utilization by 5 percent (from 8.10 and to 8.5 daily train-kilometers per network track kilometer)	Value	8.10	8.10	8.50
	Date	December 31, 2019	October 13, 2023	December 31, 2032
	Comment

Phase 1: Number of level crossings upgraded	Value	0.00	0.00	150.00
	Date	September 1, 2020	October 13, 2023	December 31, 2027
	Comment

Phase 1: SMS action plan is delivered	Value	No	No	Yes
	Date	September 1, 2020	October 13, 2023	December 31, 2027
	Comment

Phase 1: Study on modal shift delivered	Value	No	No	Yes
	Date	September 1, 2020	October 13, 2023	December 31, 2027
	Comment

Phase 1: Km of tracks rehabilitated	Value	0.00	0.00	37.10
	Date	September 1, 2020	October 13, 2023	December 31, 2027
	Comment

Serbia Railway Sector Modernization

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

Detailed Financial Activity as of April 30, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS