The European Bank for Reconstruction and Development (EBRD) said that the European Union provided a 2.8 million euro ($3.0 million) grant for the development of a joint border railway station between North Macedonia and Serbia.
Previously, they signed the grant agreement in Skopje on Wednesday. The Western Balkans Investment Framework (WBIF) provided the funds and will finance construction and technical assistance.
According to the statement, the EBRD has already provided a 5 million loan for the project.
As it is planned, the borders will cross each other in North Macedonia’s Tabanovce on the Corridor X rail route. The aims of the project are to revamp the railway station’s existing buildings in line with energy efficient standards and to equip them with photovoltaic panels.
As North Macedonia’s transport minister Aleksandar Nikoloski hopes, with efforts from both sides, the one-stop-shop crossing will pave the way for restoring regular passenger rail service between Skopje and Belgrade.
According to the EBRD, North Macedonia’s railway sector alone got over 340 million euro of investments.
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