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In September 2015, the EBRD agreed to provide a senior loan of €39.9 million for the modernisation of Kosovo’s railway infrastructure. This project will improve the connection between Kosovo’s railway network and the European network through Corridor VIII and Corridor X in FYR Macedonia in the south of the country and the Serbian border in the north.

This was the Bank’s largest transaction in Kosovo to date and the first investment in the country’s transport sector. 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 and develop stronger cross-border cooperation, as well as introducing the use of sustainable technology.

As the project progresses, the EBRD will be supporting the improvement of asset management practices, track access charges and equal opportunities, with a particular emphasis on workforce diversity and gender equality.