Senior Representatives of the EBRD on a Working Visit to the Railway Transport of Montenegro

The Executive Director of the Railway Transport of Montenegro, Dragana Lukšić, met at the ŽPCG premises with representatives of the European Bank for Reconstruction and Development (EBRD), led by the outgoing head of the EBRD office in Montenegro, Remon Zakaria, the future head of the office, Ekaterina Solovova, and Grzegorz Zieliński, the EBRD Executive Director for the Southeast Europe region. Rade Ralević, the EBRD representative for Montenegro, also attended the meeting.

The visit was an opportunity to introduce the future head of the EBRD office, as well as to exchange information about the ongoing cooperation and current development projects that the Railway Transport of Montenegro is implementing with the Bank's support.

During the meeting, discussions were held regarding the timeline for the procurement project of three new electric multiple units, which represents one of the most significant investments in the modernization of passenger rail transport in Montenegro. The interlocutors expressed satisfaction with the progress of the project implementation so far and confirmed their joint commitment to its successful realisation.

Particular attention was also given to plans for the continuation of the investment cycle in the railway sector. Representatives of ŽPCG presented activities related to the preparation of a new project for the procurement of passenger coaches with bogies, for which the procedure for initial approval of credit financing with the EBRD has been initiated. Discussions also took place regarding the possibilities for future cooperation on projects that will contribute to further modernisation of the fleet, improvement of service quality, and strengthening of sustainable mobility in Montenegro.

The Railway Transport of Montenegro and the European Bank for Reconstruction and Development confirmed their commitment to continuing the partnership, which, through the implementation of strategic investment projects, contributes to the development of a modern, reliable, and competitive railway system in Montenegro.