Serbian Railways is looking at the possibility of borrowing €400 million from Chinese companies to fund rail improvement projects in the country.

The deal, which was discussed by Serbian Railways general director Dragoljub Simonovic and representatives from China Machinery Engineering Corporation (CMEC), would see investment in return for Serbian exports.

Projects would include the reconstruction and electrification of the Lapovo – Kraljevo line and upgrade works to regional routes.

Separate talks are being held with Hungarian partners to establish a similar deal to allow Serbia to modernise its current rolling stock.

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