This agreement is a significant step in the construction of a high-speed railway network along Corridor 10. Initially, this includes the stretch from the Tabanovce border crossing to Skopje and a new line to Skopje International Airport. The proposed railway is expected to span approximately 50 kilometres. It is designed to accommodate passenger trains travelling at a minimum speed of 160 kilometres per hour, with adjustments to be made based on local route conditions.
The memorandum outlines a plan to secure funding for these infrastructure projects from international financial institutions, aiming for a prompt commencement of this regional initiative. Within two weeks, a joint working group between the two ministers is set to be established. This group will focus on drafting an action plan with specific timelines for the project's realization.
Corridor 10 is recognised as a crucial European corridor for the region, linking Central Europe. Investments in this corridor are essential for maintaining competitiveness in rail and freight transport. It connects Austria with Slovenia, Croatia, Serbia and Bulgaria.