The development objective of the Railway Sector Modernization Project for Serbia is to improve the efficiency and safety of Serbia’s rail network and enhance the environmental sustainability of Serbia’s transport system. The project comprises of three components. The first component, infrastructure investments and asset management focus on improving the quality and safety of railway infrastructure and enhancing rail asset management practices. It consists of following sub-components: (i) reliable and safe railway infrastructure; (ii) technical documentation; and (iii) asset management. The sec