THE European Bank for Reconstruction and Development (EBRD) is providing a sovereign-backed loan of up to €42m to Serbian passenger operator Serbia Voz for 12 new sleeping coaches.

These will replace the existing fleet, which is obsolete and no longer permitted to operate in the European Union (EU). The investment will allow Serbia Voz to offer improved cross-border services that conform with EU standards, supporting operational growth and promoting greater connectivity across the region.

The new sleeping cars will initially be deployed on the existing route between Belgrade and Bar in Montenegro, with plans to introduce new cross-border routes to neighbouring EU countries.

The loan was signed by Ljubiša Pejičić, acting director general of Serbia Voz. The guarantee agreement was signed by Siniša Mali, Serbia’s first deputy prime minister and minister of finance, and Jelena Čeperković, EBRD deputy head for Serbia.