Montenegrin railroad will be assigned 15 million EUR credit for recovery of part of the railroad route Belgrade-Bar from European Investment bank (EIB) during this year, was announced from this company. "Contract on credit will be signed on Tuesday, 19 March by representatives of EIB, Ministry of finance, Ministry of traffic and Railroad of Montenegro. Money will be used for repairs and recovery of Montenegrin part of railroad route Belgrade-Bar as well as for purchasing of the necessary equipment", said director of the economic sector for public works of the railroad Radomir Jankovic. He said for Mina-business that works on railroad would initiate during this year and that they would probably be finished until 2005. According to him precise data of taking the credit, time of its paying back and the height of interest rate would be set at the meeting in Belgrade.