Skopje – The “Railways of the Republic of North Macedonia – Transport” and the European Bank for Reconstruction and Development (EBRD) have finalized a loan agreement totaling 20.9 million euros for the acquisition of electric locomotives along with spare parts, aimed at enhancing goods transport and generating revenue for the company.
Prior to the agreement signing, it was noted that the project marks a significant advancement in the modernization of ZRSM Transport, with a focus on enhancing the safety and efficiency of freight rail traffic.
Prime Minister Hristijan Mickoski emphasized that the discussions today address a sector that has faced decades of neglect but is crucial for the economy, exports, and Macedonia’s European aspirations. He highlighted the dire condition inherited, mentioning that the average age of diesel locomotives exceeds 60 years, while electric ones average over 40 years—an unsustainable situation economically, safely, and environmentally. He stated that the procurement aims to expand the locomotive fleet and the capacity for goods transport, thus boosting revenues and financial stability, marking a systemic renewal of the railway sector.
Deputy Prime Minister and Minister of Transport Aleksandar Nikoloski and Minister of Finance Gordana Dimitrieska-Kochoska noted that the signing of this agreement is crucial for transforming ZRSM Transport into a modern enterprise that meets client needs.
“Today, we are on the verge of concluding a vital process that will lead to the acquisition of at least five new electric locomotives and necessary spare parts. This truly represents a significant advancement for Railways of Transport in both freight and passenger services. Additionally, this investment is part of a broader vision for Skopje, aimed at enhancing air quality through the introduction of city trains,” Nikoloski stated.
Minister Dimitrieska-Kochoska highlighted that the Loan Agreement emerged from extensive and constructive discussions and affirms the confidence international financial institutions have in the country’s policies and direction.
The Head of the EBRD Office, Fatih Turkmenoglu, described the agreement as a pivotal moment in the progress of Macedonia’s transport sector.
“Today marks a crucial investment that will aid in renewing the railway fleet operated by the Macedonian railway transport company. This financing will facilitate North Macedonia’s procurement of up to five new electric locomotives and the implementation of an enterprise resource planning system. These enhancements are not merely technical improvements; they are strategic investments aimed at boosting the efficiency, quality, and safety of freight rail operations while also contributing to a reduction in CO₂ emissions and supporting the country’s green transition,” Turkmenoglu emphasized. (30 December 2025)
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