EIB approves credit of EUR 115mn for Serbia
The European Investment Bank (EIB) approved a loan to Belgrade for the construction of access roads to the new Sava Bridge in the Serbian capital.
Saturday, 19.12.2009.
14:41
The European Investment Bank (EIB) approved a loan to Belgrade for the construction of access roads to the new Sava Bridge in the Serbian capital. Along with the first EUR 70mn installment of the total EUR 160mn loan for the bridge, EIB has also approved a loan of EUR 45mn for two Serbian banks for financing small and medium-sized enterprises. EIB approves credit of EUR 115mn for Serbia “This loan to Belgrade is the first time EIB funds are provided directly to a city in the Western Balkans. This loan will help improve the transport infrastructure in the capital of Serbia in terms of capacity, safety and environmental impact,” EIB Vice-President Scannapieco said. “The EIB loans to Erste Bank and to Piraeus Bank will help reduce the impact of the global economic crisis in Serbia by improving the access of SMEs and local authorities to medium and long-term funds on advantageous financial terms,” he added. The Sava Bridge project is co-financed with the European Bank for Reconstruction and Development (EBRD) as a part of the Western Balkans Investment Framework that pools and coordinates different sources of finance and leverages loans with grants for projects representing a priority for the Western Balkans, according to a statement from the EIB.
EIB approves credit of EUR 115mn for Serbia
“This loan to Belgrade is the first time EIB funds are provided directly to a city in the Western Balkans. This loan will help improve the transport infrastructure in the capital of Serbia in terms of capacity, safety and environmental impact,” EIB Vice-President Scannapieco said.“The EIB loans to Erste Bank and to Piraeus Bank will help reduce the impact of the global economic crisis in Serbia by improving the access of SMEs and local authorities to medium and long-term funds on advantageous financial terms,” he added.
The Sava Bridge project is co-financed with the European Bank for Reconstruction and Development (EBRD) as a part of the Western Balkans Investment Framework that pools and coordinates different sources of finance and leverages loans with grants for projects representing a priority for the Western Balkans, according to a statement from the EIB.
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