BELGRADE (Serbia), January 16 (SeeNews) - Serbian state-owned rail freight transportation operator Serbia Cargo has hired Bosnian firm PPG as a consultant on a rolling stock renewal project supported by the European Bank for Reconstruction and Development (EBRD), the lender said.
The value of the one-year contract is 255,000 euro ($279,000), the EBRD said in a statement late on Monday.
In 2022, the EBRD approved a 43 million euro sovereign guaranteed loan to Serbia Cargo to finance the procurement of new locomotives, wagons and the overhaul of freight wagons.
Back then, the bank said that the project envisages the signing of five contracts, i.e. procurement of diesel locomotives; procurement of some fifty new freight wagons of S series for transport of containers; overhaul and repair of 1,250 freight wagons; procurement of support consultant; and procurement of supervisor for the overhaul and repair of 1,250 freight wagons.

Serbia Cargo provides rail freight transportation services in four principal lines of business - bulk, wagonload, intermodal and transit.
($ = 0.914 euro)