Two Polish Firms to Supply 200 Cargo Railcars, Equipment to Republika Srpska Railway Operator

BANJA LUKA, Bosnia, Aug. 25 /PRNewswire-USNewswire/ -- The railway operator in Bosnia's Republika Srpska, Zeljeznice RS, on Wednesday signed deals with two Polish companies - EKK Wagon and Rafamet - to supply 200 cargo railcars, as well as to revamp existing equipment and purchase new equipment. The RS government made the announcement.

These projects will be funded by a 20 million euro ($26 million) loan agreement, which the Serb Republic and Poland signed in July, the RS government said in a statement. The new cargo railcars will be capable of travelling at a speed of up to 120 kilometers an hour and they will be able to carry as much as 22.5 tons per axle.

The Republika Srpska government also said it has invested more than 160 million marka ($105 million/82 million euro) in the railways sector over the past four years, an investment that is about three times greater than in the previous four-year period. It plans to invest a further 500 million euro in the railways sector in the next three years.

This material is circulated by Quinn Gillespie & Associates on behalf of the Republika Srpska, for which QGA is registered as a foreign agent with the U.S. Department of Justice, Washington, D.C., where a registration statement and additional materials are available for public inspection

SOURCE Mr. Gordan Milosevic, Government of the Republika Srpska