Release date: 16 February 2009
Promoter – Financial Intermediary
Roads of Serbia
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.
Proposed EIB finance (Approximate amount)
EUR 300 million.
Total cost (Approximate amount)
Around EUR 600 million.
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.
Signed - 23/10/2009
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).