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Bridging Borders: North Macedonia and Serbia to Sign Memorandum for Construction of a Fast Railway

Bridging Borders: North Macedonia and Serbia to Sign Memorandum for Construction of a Fast Railway

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On Friday, 17 November, the Minister for transport and communications of North Macedonia, Mr Blagoj Bochvarski, and the Minister for construction, transport and infrastructure of Serbia, Mr Goran Vesić, signed a Memorandum for the Construction of a Fast Railway from Niš to Skopje.

The project represents a significant collaborative effort between the two countries, for which funds will be requested from the European Union. The costs for the construction of the railway are expected to be around 1.5 billion euros.

The railway to be constructed on the side of North Macedonia will be 50 kilometres long, starting from the border crossing Tabanovce to the capital city of Skopje, with a railway leg to the Skopje International Airport. On the Serbian side, the railway will be long 135 kilometres, spanning from Niš to Preševo.

The project will ensure the connection of North Macedonia to the railway corridor Budapest – Belgrade – Niš – Skopje. It is expected that the rail voyage from Skopje to Niš will take 120 minutes, with the trains travelling at a speed of 160 km/h.

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.

By Veton Qoku and Ljupka Noveska Andonova, Partners, Karanovic & Partners

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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