| Project Detail |
Multi-scheme and multi-faceted investment programme aimed at improving the economic efficiency, climate resilience, road safety, environmental protection and social wellbeing with interventions focusing on rehabilitation, reconstruction and upgrade of local and national roads in Serbia.
Objectives
The project concerns a multi-scheme and multi-faceted investment programme in the form of an up to €150m framework loan to the Republic of Serbia, acting as borrower and represented by the Ministry of Finance. The objective of the project is to improve the road network in Serbia, with interventions focusing on rehabilitation, reconstruction and upgrade of the infrastructure. There is no new road construction involved. The promoter is the Public Enterprise "Roads of Serbia", a public enterprise and well-known EIB counterpart, with a similar EIB financed project currently under implementation, having a focus on road safety measures on national roads across the country ("Road Rehabilitation and Safety" (2012-0367)), for which EIB approved in 2023 an increase of its financing contribution. The increased EIB participation is supported by technical assistance to perform road safety impact assessment, with outcomes expected to be replicated in this new EIB operation proposal. Interventions will take into account climate adaptation, climate resilience, road safety improvement, safeguard of existing assets, protection of the environment and improved connectivity.
Sector(s)
Transport - Transportation and storage
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million |
