The European Bank for Reconstruction and Development is requesting additional financing in the railway sector of the Western Balkans to tackle the global climate change crisis and to improve connectivity.

financing of rail transport

The European Bank for Reconstruction and Development (EBRD), one of the largest multilateral investors in the Western Balkans, has called for more investment in the region’s rail sector to address climate-related emergencies and improve connectivity, reports Railway Supply magazine citing on the Global Railway Review.

“Railways not only play a critical role in any well-balanced transport system, but they also underpin a sustainable transport approach and play a key role in addressing today’s climate emergency,” said Nandita Parshad, EBRD Managing Director for Sustainable Development at a recent industry event dedicated to strengthening the integration of the Western Balkans railway system with the EU railway system.

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