The EBRD is making a loan of up to €145 million to finance the modernisation of railway infrastructure in Macedonia and to strengthen the country’s regional transport links.
 
The modernisation of transport infrastructure is one of the EBRD’s key priorities in the Western Balkans, helping to improve trade routes within the region, deepen market integration and develop stronger cross-border cooperation.

This sovereign loan to the Macedonian Public Enterprise for Railway Infrastructure   provides funding to upgrade the second phase of the eastern section of the Trans-European Corridor VIII.

It will allow completion of a key east‐west 34 km section of the rail corridor, which will ultimately link the Black Sea coast in Bulgaria to the Adriatic coast in Albania, as well as Turkey. The total cost of the project is €600 million.