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Serbia to Start Construction of Belgrade Metro in 2020

Infra News - Published on Tue, 19 Nov 2019

Image Source: en.wikipedia.
The Serbian government plans to borrow up to EUR 580 million euros to finance a metro in the capital Belgrade, as per the draft budget submitted to the Serbian parliament for 2020. The draft budget includes plans to borrow EUR 80 million from the French government for the initial phase of construction while the rest of the money would be borrowed from international investment corporations, banks and funds. The French government signed a letter of intent to support the implementation of the Belgrade metro project, envisaging the possibility of an intergovernmental agreement to help Serbia fully cover project costs in the first phase of the construction.

The Serbian government is hoping to start construction of the long-delayed metro project in 2020.

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Posted By : Yogender Pancholi on Tue, 19 Nov 2019
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