Clarification of the EIB’s support for the RN 13 road project in Madagascar

Construction work has begun on the Niš-Dimitrovgrad railway section near the Serbian city of Pirot. The project involves the reconstruction and modernisation of an existing unelectrified single-track railway line from Sićevo to Dimitrovgrad and the construction of the northern rail bypass around the city of Niš, as well as electrification and signalling work on both stretches. As part of the EU Economic and Investment Plan, the overall modernisation of up to 104 km of railway lines will result in shorter journey times and improved safety and regional connectivity, while enabling a gradual shift to more environmentally friendly transportation options.

Speaking at the annual gathering of global leaders from government, business, and civil society in Davos, Switzerland, Calviño underlined that the Group can help mobilise private and public investment for a range of strategic objectives from security and support for Ukraine to green transition and innovation.