ACTIVITY TITLE
VERSION 2.01
Montenegrin Railways Passenger Trains
Reported by
European Bank for Reconstruction and Development XI-IATI-EBRD Multilateral
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
National 4 Multilateral outflows 4
Project-type interventions C01
Untied 1
IATI IDENTIFIER
XI-IATI-EBRD-55258
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DOCUMENTS ( 4 )
Project Summary Document - Transition Impact Environmental Social Summary TEXT/HTML EN Pre- and post-project impact appraisal Project Summary Document TEXT/HTML EN Objectives / Purpose of activity Country Strategy TEXT/HTML EN Memorandum of understanding (If agreed by all parties) Procurement/Tenders TEXT/HTML EN Tender
Planned start date 2024-06-28
Planned end date 2039-05-31
Actual start date 2024-06-28
activity status: Implementation
The activity is currently being implemented
WHO'S INVOLVED ( 2 )
PARTICIPATING ORG REFERENCE ROLE TYPE
European Bank for Reconstruction and Development
 Funding Multilateral
RAILWAYS PASSENGER COMPANY OF THE REPUBLIC OF MONTENEGRO
 Implementing Local Government
General
The provision of a senior loan of up to € 30 million to Zeljezniiki Prevoz Crne Gore a.d. (ZPCG), the passenger train operator in Montenegro. The loan will be fully guaranteed by the State of Montenegro (the Guarantor) and used to finance the purchase 4-car Electro-motor unit (EMU) sets to be used for operations across the railway network of Montenegro. The new rolling stock will replace the old, energy inefficient loco-hauled train sets currently in operation. ZPCG needs to acquire 4-car EMUs to improve the quality and regularity of services. The acquisition of new rolling stock has been identified by the Government of Montenegro as the key priority for the developement of the railway services in the country. The new rolling stock will replace the old, energy inefficient locomotive-hauled train sets currently in operation.
recipient country ( 1 )
MontenegroME
100
LOCATION ( 1 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
PODGORICA
ID 3193044 (Geonames)
42.44111 19.26361 Administrative Region Approximate
country budget items ( 1 )
IATI Withdrawn ( 1 )
The budget identifier reported uses IATI budget identifier categories
3.8.7
100
sector ( 1 )
OECD DAC CRS 5 digit1( 1 )
The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/
Rail transport21030
100
GLOSSARY
Rail transportRail infrastructure, rail equipment, locomotives, other rolling stock; including light rail (tram) and underground systems.
Financial Overview
Outgoing Commitment ( 1 )
Disbursement ( 1 )
Budget ( 1 )
Outgoing Commitment
Disbursement
Budget
Budget ( 1 )
START END TYPE STATUS VALUE
2025-01-01 2025-12-31 Original 29,700,000
EUR
Budget
Transactions ( 2 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2024-06-28
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
RAILWAYS PASSENGER COMPANY OF THE REPUBLIC OF MONTENEGRO
 30,000,000
EUR
Outgoing Commitment
Disbursement ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2025-02-27
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
RAILWAYS PASSENGER COMPANY OF THE REPUBLIC OF MONTENEGRO
 300,000
EUR
Disbursement
General Enquiries
European Bank for Reconstruction and Development
+44 20 7338 7380
projectenquiries@ebrd.com
www.ebrd.com
5 Bank Street, London E14 4BG
conditions( 1 )
NARRATIVE TYPE DESCRIPTION
The provision of a senior loan of up to € 30 million to Zeljezniiki Prevoz Crne Gore a.d. (ZPCG), the passenger train operator in Montenegro. The loan will be fully guaranteed by the State of Montenegro (the Guarantor) and used to finance the purchase 4-car Electro-motor unit (EMU) sets to be used for operations across the railway network of Montenegro. The new rolling stock will replace the old, energy inefficient loco-hauled train sets currently in operation. ZPCG needs to acquire 4-car EMUs to improve the quality and regularity of services. The acquisition of new rolling stock has been identified by the Government of Montenegro as the key priority for the developement of the railway services in the country. The new rolling stock will replace the old, energy inefficient locomotive-hauled train sets currently in operation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55258
 Performance The condition attached requires certain outputs or outcomes to be achieved by the recipient