| Financier | Commitments |
|---|---|
| FRANCE: French Agency for Development | 65.00 |
| International Bank for Reconstruction and Development | 65.00 |
Serbia Railway Sector Modernization Phase 2
Abstract*
Railways are a major asset for Serbia's regional connectivity. As the largest economy in the Western Balkans, Serbia serves as a regional hub and springboard for companies to access the larger regional market. It is strategically located at the crossroads of Western Europe, Eastern Europe, Türkiye, and the Middle East.
Serbia embraced an ambitious investment program to invest $5 billion from 2017-2027 to improve railway infrastructure. Funding sources... Show More
Development Objective
Phase 2 Project Development Objective: to maintain the quality of infrastructure and safety of railway operations through enhanced maintenance of existing railway assets
Key Details
Project Details
P179703
Active
Mercedes Gutierrez Ferrandiz , Daniel Pulido, Tamara Mihaljcic
Ministry of Finance of Serbia
Serbia
September 12, 2023
(as of board presentation)
August 13, 2024
N/A
US$ 100.00 million
Railways Directorate,Ministry of Construction, Transport and Infrastructure,Serbia Railways Infrastructure,Serbijavoz,Serbia Cargo
2025
US$ 130.00 million
N/A
March 1, 2024
June 30, 2029
TBD
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 65.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 65.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 65.00 |
| Total Project Cost** | 100.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Aug 13, 2024 | IBRD-97100 | Loan Commitment | 65,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-11-26 |
| Procurement | Satisfactory | 2024-11-26 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-11-26 |
| Project Management | Satisfactory | 2024-11-26 |
| Financial Management | Satisfactory | 2024-11-26 |
| Monitoring and Evaluation | Satisfactory | 2024-11-26 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.