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Russia to build $700 million railways in Serbia
20.09.2012 13:12
Russia to build $700 million railways in Serbia

 Russia will grant a credit of $ 700 million for building railway roads in Serbia. Russia will sign documents on granting the credit till the end of this autumn, said the Russian Deputy Minister of Finance Sergey Storchak.


The credit will be allocated within Russian- Serbian agreement of 2009, the total sum of the credit equals $ 1 billion. The sum of $ 200 million has been already allowed in 2010.


Serbia is to spend the granted means on the paying JSC Russian Railways for building trunk railways. The project will be realized by JSC Zarubezhstroytechnology, the subsidiary of JSC Russian Railways.


Author: Irina Fomina

Tags: Russian investments Russian Railways    

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