07
Thu, Dec
53 New Articles

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

Briefings
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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

Committed to redefining a law firm's role in an emerging regional market, Gecić Law is a full-service law firm that advises international and local clients from the public and private sectors in navigating the complex legal landscape of the region across multiple practice areas. Members of the Gecić Law team have graduated from leading universities in the US and Europe. They have extensive local and international experience, with a particular focus on EU regulatory frameworks and international trade and a proven track record in providing innovative and practical solutions in the most complex of matters.

Gecić Law is an exclusive member of two leading global alliances, TerraLex and TAGLaw, extending its international footprint. The firm and its lawyers have continuously been recognized in several practice areas by elite global directories, including The Legal 500, Chambers and Partners and Benchmark Litigation. Gecić Law was named Law Firm of the Year: South Eastern Europe 2021 and Law Firm of the Year: Eastern Europe and the Balkans 2020 at The Lawyer European Awards and was repeatedly nominated in other practice areas.

For more details, please visit geciclaw.com.

 

Our Latest Issue