FYR Macedonia: Railways Reform Project

Washington, September 15, 2005- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN AMOUNT: $15 million euros

PROJECT DESCRIPTION:  This project will facilitate the government’s efforts to reform Macedonian Railways and improve its productivity and effectiveness. FYR Macedonia’s strategic location puts it at the center of international routes linking Turkey, Greece, and Bulgaria to the rest of Europe.  Efficient and effective operation of the roads and railways, which link FYR Macedonia to the region, will become increasingly important to realizing the country’s growth potential.

For more information, please call Miriam Van Dyck  at (202) 458-2931 or email: mvandick@worldbank.org  

For project information documents, visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P083499