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EBRD Vice President Says Now Is the Right Time to Invest in Western Balkan Railways

Dec 2021 | Source: BETA
EBRD Vice President Says Now Is the Right Time to Invest in Western Balkan Railways

"The EBRD has an ambitious agenda in the region to improve the quality of services and train speeds throughout the railway network," the EBRD official said. The Western Balkan railways are doing well in the process of adjusting to the EU railway network and pan-European corridors, while the sectoral priorities are opening markets, management and interoperability, Vice President of the European Bank for Reconstruction and Development (EBRD)  Jürgen Rigterink said on Sept. 11.Speaking for Euractiv and BETA in an interview ahead of a Western Balkans Railways Summit scheduled to take place in Belgrade on Sept. 13,  Rigterink said that the EBRD would continue to work with state-owned railways, private investors, clients and governments in the region to materialize these priorities."The EBRD has an ambitious agenda in the region to improve the quality of services and train speeds throughout the railway network. The plan is to extend the Trans-European Transport Network in line with EU standards, while strengthening the capacity for preparing and implementing projects accordingly, improving management, safety and maintenance," the EBRD official said.Rigterink recalled that railways were a green, sustainable, innovative, safe and efficient means of transport, but "suffered for years due to the seemingly unstoppable triumph of cars, leading to underinvestment and a trend of abandoning once excellent railway connections."

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