Kuwait Invests In Serbian Railways

Kuwait Fund for Arab Economic Development has approved a 25 million euro loan for construction of Prokop railway station in Belgrade.

Director General of the Fund, Abdulwahab Al-Bader, has informed Serbian Deputy Prime Minister, Rasim Ljajic, the deal is scheduled to be signed on November 28.

Serbia and Ukraine are the only European countries that have received a loan approval from the Fund this year.

Prokop railway station construction started in 1977. It was to become the central Belgrade railway station thus enabling dismantling of tracks in the area around the current main railway station in the city centre. According to the original plans, this attractive space along the river Sava was to become a residential and commercial area, able to attract foreign investments and generate a multi-million dollar turnover.