Bloomberg News

Serbian Rail Company Buys Rolling Stock From Swiss Stadler

March 04, 2013

Zeleznice Srbije, Serbia’s state- owned railway monopoly, agreed to buy 21 electrical trains from Stadler Bussnang AG, a Swiss-German maker of rolling stock and a unit of Stadler Rail AG.

The 99 million-euro ($129 million) purchase is partly financed by a loan from the European Bank for Reconstruction and Development, said Dragoljub Simonovic, chief executive officer of the Belgrade-based Zeleznice Srbije, after he signed the contract today.

The trains, due for delivery between September 2014 and August 2015, will “to a great extent meet the need for intercity passenger traffic” in Serbia, Simonovic said.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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