European Roads

Promoter – Financial Intermediary

Serbian Road Directorate (SRD) and Montenegrin Ministry of Maritime Affairs and Transport (MAT).

Description

The proposed project includes two schemes:

• The rehabilitation of the existing carriageway between Belgrade and Novi Sad (Pan European Corridor X) as well as the construction of a new carriageway on the same section including the bridge Beska over the Danube. The increasing traffic on the road axis between Belgrade and the Hungarian border has created congestion on the section Belgrade-Novi Sad where a very high level of traffic is registered.
• Upgrading of the E65 road section between Podgorica and Bar (Adriatic coast). The construction of the Sozina Tunnel -already started by the Montenegrin Government- will be completed by new access roads.

Objectives

The selected investments will contribute to modernise the existing regional road connections with substantial time savings and improved safety.

Comments

Roads rehabilitation and upgrading.

Sector(s)

• Transport

Proposed EIB finance (Approximate amount)

Approximately EUR 50 million.

Total cost (Approximate amount)

Approximately EUR 115 million.

Environmental aspects

For both elements of the project full EIA procedures will need to be followed and will be assessed during appraisal. For Belgrade Novi-Sad, it can be expected that no significant impacts will occur in the widening of an existing transport corridor. For the Podgorica Bar road, there is a protected environmental area next to the project. Appropriate measures to be undertaken in this area will be evaluated and suggested to the promoter.

Procurement

EIB procedures for international procurement would be applied, where relevant.

Status

Signed - 17/05/2004