The European Investment Bank (EIB) approved a budget of 1,1 billion euros for modernising the Belgrade-Niš railway line in Serbia. The investment will contribute to the extension of the core TEN-T network in the country (Orient-East Mediterranean Corridor) and boost rail transport in the region, making it a vital passage for Southeast and Central Europe. Works will include significant modifications on the alignment of lines, the doubling of railway lines in specific sections, and the increase of speed limits, among other things.