Kuwait Fund for Arab Economic Development granted Serbia a loan of EUR 25 million for building a future main railway station “Prokop” in Belgrade. The loan agreement under the most favorable conditions, with the fixed interest rate of 3 percents, repayment period of 18 years and grace period of four years will be signed in late November in Belgrade.

Kuwaiti loan will be invested for the complete arrangement of the railway infrastructure, i.e. construction and electrical infrastructure in Prokop. It is planned to build the remaining six tracks (in addition to the four existing ones), as well as supporting the platform, and then electrical interlocking plant and finally building the Telecommunication building for the territory of Belgrade railway junction.

Today “Prokop” is used only by trains of the new city railway “BG Voz”, and the realization of this work will enable the station to operate a local, regional and international passenger trains.

The contract, worth EUR 25 million will be a good opportunity for contractors and construction industry in our country get a job and verify their quality. Serbian Railways have already begun the preparation of tender documents, and the whole job can be completed in two years.

Kuwaiti partners have announced the possibility that, if they are satisfied with the implementation of this agreement, to continue to invest and develop the main railway station “Prokop” in Belgrade This would include in the construction of station buildings, and commercial center at 130,000 square meters.

According to the Milutin Milošević, Director of “Belgrade railway junction,” the entire station, in terms of construction, could be built in three years. When “Prokop” becomes operable, the old railway station will be relocated from Karađorđeva street, ie. from the city center, which will enable the shortening of routes of all trains passing through Belgrade, on one hand, and the release of 80 acres of prime land in the Sava amphitheater, on the other. Thus, Belgrade will get a modern, fully equipped modern station that will be able to link the urban and intercity traffic and accept all international transit passenger trains.