European Investment Bank Vice President Simon Brooks responded on Nov. 17 to a letter from the International Emissions Trading Association (IETA) requesting more information about the NER300 monetisation process. In the interest of transparency for all market operators, the text of his response has been published on the EIB's NER300 monetisation website.
Serbia-Bulgaria railway project on Corridor Xc launched
Construction work has begun on the Niš-Dimitrovgrad railway section near the Serbian city of Pirot. The project involves the reconstruction and modernisation of an existing unelectrified single-track railway line from Sićevo to Dimitrovgrad and the construction of the northern rail bypass around the city of Niš, as well as electrification and signalling work on both stretches. As part of the EU Economic and Investment Plan, the overall modernisation of up to 104 km of railway lines will result in shorter journey times and improved safety and regional connectivity, while enabling a gradual shift to more environmentally friendly transportation options.