Serbia Railway Sector Modernization

The development objective of the Railway Sector Modernization Project for Serbia is to improve the efficiency and safety of Serbia’s rail network and enhance the environmental sustainability of Serbia’s transport system. The project comprises of three components. The first component, infrastructure investments and asset management focus on improving the quality and safety of railway infrastructure and enhancing rail asset management practices. It consists of following sub-components: (i) reliable and safe railway infrastructure; (ii) technical documentation; and (iii) asset management. The second component, institutional strengthening and project management focuses on strengthening rail policies and institutions to deepen and sustain recent reforms. It consists of following sub-components: (i) sectoral governance; (ii) human capital; and (iii) project management and citizen engagement. The third component, railway modernization enablers will finance measures to protect the vulnerable and poor and strengthen sectoral enablers for sustainable business growth and job creation. It consists of following sub-components: (i) intelligent railway systems and safety management system (SMS); (ii) integrated territorial development; and (iii) modal shift.