EU announce €600 million grant for Serbia rail modernisation
The €600 million European Union grant will help to modernise the railways in Serbia and improve Serbia's connectivity with other European rail networks.
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Railways are often controlled by governmental or independent safety and economic regulators, responsible for ensuring that railway operators and infrastructure managers comply with certain laws and standards. Regulatory aspects include funding requirements, access to railway networks and controlling the licenses of the operators of railway assets. Regulators also enforce consumer/passenger protection law in relation to the railway.
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The €600 million European Union grant will help to modernise the railways in Serbia and improve Serbia's connectivity with other European rail networks.
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