Modernization of Montenegro’s Railways: Investing in the Future

Montenegro is taking a significant step towards modernizing its railway system with the support of the European Bank for Reconstruction and Development (EBRD), this is reported by the railway transport news portal Railway Supply.

A recently signed agreement provides the Montenegrin railway passenger operator Željeznički Prevoz Crne Gore (ZPCG) with a loan of 30 million euros to acquire three modern electric trains.

Nymwag to build a factory in Uzbekistan: expansion into international markets continues

These electric trains will replace the old, energy-inefficient locomotive sets that have been in use for many years.

The agreement was signed by Finance Minister Novica Vuković, Minister of Transport and Maritime Affairs Filip Radulović, ZPCG Executive Director Ilinka Pavicevic, EBRD Head in Montenegro Remon Zakaria, and Sue Barrett, Director for Infrastructure Europe, Middle East, and Africa at EBRD.

Investing in the Future

The acquisition of new electric trains will be one of the largest investment projects in the modernization of Montenegro’s railway rolling stock.

The ZPCG Executive Director noted that this initiative would significantly improve the quality of railway service in the country.

For the first time in almost 13 years, Montenegro has the opportunity to invest in modern and comfortable trains.

International Two-Stage Tender for New Train Procurement

Following the signing of the loan and guarantee agreements, ZPCG will begin selecting consultants for project implementation, which will be carried out in accordance with EBRD procurement policies and rules.

An international two-stage tender will be announced for the purchase of new trains, ensuring transparency and competitiveness in the process.

Additionally, technical assistance amounting to 325,000 euros will be provided from the EBRD Shareholder Special Fund to support project implementation and procurement.

Further technical support and funding will be provided by the EU Reform Fund to improve corporate governance and public service contract standards.

Environmental Benefits

The new electric trains, which will operate throughout Montenegro’s railway network, will significantly reduce carbon dioxide emissions by shifting transport from road to rail.

This will be an important step in combating climate change and will significantly reduce energy consumption.

Montenegro’s Finance Minister emphasized that this project will not only improve the quality of transport services but also increase passenger trust in the national railway system.

Replacing old trains with new electric trains will ensure reliable and punctual railway services, leading to increased passenger satisfaction.

New Level of Comfort and Reliability

Remon Zakaria, EBRD Head in Montenegro, noted that the new electric trains would provide passengers with a higher level of comfort and reliability.

This will be an important step towards creating a modern and efficient railway system in Montenegro.

Currently, the Montenegrin railway passenger operator owns 11 locomotives, 7 electric trains, and 57 carriages.

The new investments will significantly improve this fleet and take railway transportation to a new level.

The signing of the agreement between Montenegro’s railway passenger operator and the EBRD is an important step in developing the country’s transport infrastructure.

The modernization of railway rolling stock will lead to improved transport services, increased comfort and reliability, and a significant reduction in carbon dioxide emissions.

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Kazakhstan and China Strengthen Transport Links: New Agreements and Perspectives