– “Serbian Railways” and Italian company “JV ITALIANA CONSTRUZIONI-Consorzio Armatori Ferroviari Italy” will take all necessary measures in the next period to overcome numerous problems, avoid delays in work performance and to finish, as soon as possible, all construction works regarding construction of new double-track railway line from railway stop Gilje to station Paracin, within modernization of international railway Corridor X.

This was concluded on a meeting, which was held today in Belgrade by Director General of “Serbian Railways” Dragoljub Simonovic with the Italian consortium represented by Fabio Brunori, Director General and Project Manager for this operation, in the presence of Economic Consultant of the Italian Embassy, Paolo Toschi.

The discussed issues were work realization deadlines, technical problems which need to be resolved in the following period, expropriation of land in the operational area, as well as possibilities for the expansion of cooperation between two companies in the following period.

– Regarding project realization on railway Corridor X there are numerous problems, especially in regard of fulfillment of deadlines. “Serbian Railways” are prepared to do everything which is in our power to overcome problems, reduce deadlines for work performance and to speed-up modernization of railway Corridor X. We plan to, within the enterprise, pay special attention to exact these kind of opened issues in realization of big investment projects, in order to finish the entire operation successfully as soon as possible, – said Director General of “Serbian Railways” Dragoljub Simonovic.

Contract on performance of construction works of new double-track railway line from railway stop Gilje to station Paracin between “Serbian Railways” and Italian company was signed on July 2, 2012. The value of this venture is EUR 16 million 162 thousand, and financing is acquired from the European Investment Bank loan. Apart from construction works, there is electro-technical part of works ahead, after which the new, double-track, electrified line will be 10,5 km long and equipped for speeds up to 160km/h.