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    Signature(s)

    Amount
    € 384,000,000
    Countries
    Sector(s)
    Serbia : € 384,000,000
    Transport : € 384,000,000
    Signature date(s)
    23/10/2009 : € 384,000,000
    Link to source

    Summary sheet

    Release date
    16 February 2009
    Status
    Reference
    Signed | 23/10/2009
    20060324
    Project name
    Promoter - financial intermediary
    Corridor X South of Serbia

    Roads of Serbia
    Vlajkoviceva 19a
    11000 Belgrade
    Serbia

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 300 million.
    Around EUR 600 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concernes the construction of a new motorway between Leskovac and FYROM border. It will be approximately 100 km long, with a cross-section of between 26 and 28 meters and designed for a speed of 100-120 km/h.

    The new highway is expected to be suited to current and estimated future traffic levels, and is also expected to reduce the accident rate, which at present is relatively high.

    Environmental aspects
    Procurement

    According to preliminary information, Environmental Impact Assessment (EIA) studies have been carried out. The environmental process and identification and mitigation of possible negative effects on the environment, and to sensitive areas in particular, will be detailed in the appraisal. The environmental and social aspects will be further appraised.

    The Promoter will ensure that any procurement procedures are done in accordance with EIB Guidelines and the relevant applicable EU rules.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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