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Croatian, Serbian, Slovenian Railway Company Expected This Month

Ljubljana, 07 September (STA) - Head of the freight transport section at railways operator Slovenske zeleznice, Robert Vuga, told the STA on Tuesday that the Slovenian, Croatian and Serbian railways would establish a joint company before the end of this month.

The legal documentation is already drawn up, pending approval from Serbia, Vuga said about the company, whose headquarters will be in Ljubljana.

"We will look for synergies above all in terms of 'production', where we will take care of more effective cargo railway transport along the 10th transport corridor," he said.

According to Vuga, the potential benefits are enormous, as around 90% of the cargo presently traveling between central and SE Europe is transported via the fourth corridor, which runs from Austria, Hungary, Romania towards Bulgaria.

He explained that Zeleznice Republike srpske and Zeleznice Federacije BiH, the two Bosnian railways operators, would also be members of the alliance, while not being owners. Interest has moreover been expressed by the Macedonian and Montenegrin railways, while talks are also underway with the Bulgarian operator.

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