On 27 January 2025, a meeting was held at the premises of ŽPCG AD Podgorica regarding the commencement of the implementation of the European Bank for Reconstruction and Development (EBRD) project for the revision and enhancement of the Public Service Obligation (PSO) Contract.
The project is financed from European Union funds and represents technical support that is an integral part of the investment loan for the procurement of new rolling stock signed between the EBRD and the Government of Montenegro in June 2024.
The meeting was attended by representatives of the Ministry of Transport, the Railway Directorate, Montenegro Railways AD Podgorica, representatives of the EU delegation, EBRD, and KPMG consultants engaged by the EBRD to implement the project task and provide expert support in drafting a new long-term Public Service Obligation contract.
At this introductory meeting, the work plan and activities to be carried out over the next 12 months, during which the project will last, were presented. The final expected outcome of the project is a revised and improved long-term PSO contract in accordance with EU directives and best European practices in this field. The project task includes defining a new methodology for calculating compensation that will enable the sustainable operation of the company, alongside efficient operations and high-quality public railway transport services. Support will also be provided in signing the contract with the Government of Montenegro, its implementation, and training and study visits to institutions in the EU that have good practices in PSO.
