North Macedonia is preparing for the next major step in its transport modernisation by seeking almost 2 billion euro in external funding to build a high-speed rail link along the Pan-European Corridor 10. The country has already sent formal requests to 22 international banks and institutions, including the World Bank, the European Investment Bank, the European Bank for Reconstruction and Development, as well as commercial giants such as Morgan Stanley, Deutsche Bank, Citibank and MUFG Bank, BalkanEngineer.com has learned from North Macedonian media.

According to the Ministry of Finance in North Macedonia, the project will cover about 200 km of railway infrastructure, which will connect the country to the transport network of Central Europe and the Aegean Sea. The average construction cost is estimated at EUR 8.8 million per km, and the total investment includes additional costs such as land expropriation and construction supervision.
The authorities are counting on strong international support. The UK is expected to underwrite part of the loan, thus ensuring favourable financing conditions without pressure on government debt. The deadline for interested parties to submit applications is the end of June, but an extension is possible if requested by potential lenders.
Corridor 10 is a strategic artery linking Austria with Thessaloniki, passing through Slovenia, Croatia, Serbia and Northern Macedonia. The project not only aims at accelerated connectivity, but is also part of a broader vision for sustainable development and integration of the Western Balkans into European transport networks.

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