The Ministry of Transport of the Canton of Sarajevo and Stadler Rail AG today signed a contract for the procurement of 15 trams to replace an existing obsolete tram fleet. The signature ceremony was attended by representatives of the local government, the Swiss embassy and the contractor Stadler, as well as the European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD). These two banks are financing this project to improve the urban transport network in the Canton of Sarajevo through modernisation of the tram and trolley bus networks, replacement of existing vehicles and construction of new roads.
In the spotlight
The EIB is proud to be the lead financier in the Western Balkans Investment Framework - an ambitious European Commission led initiative that combines financing from International Financial Institutions with EU grants accelerating much needed investments in Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia and Serbia.
*This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.
The European Investment Bank (EIB), the bank of the European Union, will continue to provide hands-on support for fast, sustainable and green investments for climate action, improved connectivity and COVID-19 recovery. In doing so, the Bank stands by the Republic of Serbia in its EU accession goals, said EIB Vice-President Lilyana Pavlova during her visit to Serbia earlier this week. Vice-President Pavlova opened the Western Balkans Rail Summit in Belgrade, where regional transport ministers, government and European Commission representatives and rail professionals planned the future development and modernisation of the regional rail network.
Building a modern, digitalised rail network with direct express train connections between major cities in the region will help establish better connectivity and provide a safer and more environmentally sustainable mode of transport for people and businesses in the Western Balkans. This was recognised as a key priority of the Dedication to Rail, signed today by ministers in charge of transport in the region at the First Western Balkans Rail Summit, held in Belgrade. The event was organised by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), and was under the auspices the Ministry of Construction, Transport and Infrastructure of Serbia.