EIB in EUR 40mn loan for Belgrade bypass

The European Investment Bank (EIB) has approved a EUR 40mn loan for construction of the Belgrade bypass.

Izvor: B92

Tuesday, 28.09.2010.

09:58

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The European Investment Bank (EIB) has approved a EUR 40mn loan for construction of the Belgrade bypass. The bank president, Philippe Maystadt, signed the loan in Belgrade on Monday with the Serbian government represented by Minister of Finance Diana Dragutinovic and Zoran Drobnjak, general manager of the Roads of Serbia pubic company, the beneficiary. EIB in EUR 40mn loan for Belgrade bypass The operation represents the second tranche of a total EUR 180mn facility approved by the EIB in 2007 aimed at financing the realization of 20 kilometers of two-lane bypass roads and 27 kilometers of four-lane highway located in the west and in the south of the Serbian capital, said an EIB statement. The section B5 of the Belgrade bypass signed today goes from Orlovaca to Avala and is 5.4 km long. The full bypass, once completed, will have a capacity of some 60 000 vehicles per day and will involve 48 new bridges and five interchanges, improving the traffic safety and reducing congestion on the existing urban road network, in particular on E70/E75 highway crossing Belgrade. The loan contract for the first EUR 60mn tranche was signed in 2007. The loan contract for the remaining tranche of EUR 80mn is expected to be signed in 2011. The Belgrade bypass is a section of the Pan-European Corridor 10, linking Salzburg and Thessaloniki via Ljubljana-Beograd-Zagreb-Nis-Skopje and Veles. The extension and rehabilitation of TEN-t (Trans-European Networks transport) is one of the main targets of the EIB activity as it is crucial for the successful integration of Potential Candidate Countries, like Serbia, in the European Union, said the statement. "The EIB, together with the other European institutions, strongly supports Serbia in its path towards the EU", stated the EIB President Maystadt, "Infrastructures are essential to the modernisation process of the country and the Belgrade bypass represents a fundamental junction of Corridor 10". Since 2001, the EIB has extended EUR 2.7bn in favour of projects located in Serbia.

EIB in EUR 40mn loan for Belgrade bypass

The operation represents the second tranche of a total EUR 180mn facility approved by the EIB in 2007 aimed at financing the realization of 20 kilometers of two-lane bypass roads and 27 kilometers of four-lane highway located in the west and in the south of the Serbian capital, said an EIB statement.

The section B5 of the Belgrade bypass signed today goes from Orlovača to Avala and is 5.4 km long.

The full bypass, once completed, will have a capacity of some 60 000 vehicles per day and will involve 48 new bridges and five interchanges, improving the traffic safety and reducing congestion on the existing urban road network, in particular on E70/E75 highway crossing Belgrade.

The loan contract for the first EUR 60mn tranche was signed in 2007. The loan contract for the remaining tranche of EUR 80mn is expected to be signed in 2011.

The Belgrade bypass is a section of the Pan-European Corridor 10, linking Salzburg and Thessaloniki via Ljubljana-Beograd-Zagreb-Niš-Skopje and Veles. The extension and rehabilitation of TEN-t (Trans-European Networks transport) is one of the main targets of the EIB activity as it is crucial for the successful integration of Potential Candidate Countries, like Serbia, in the European Union, said the statement.

"The EIB, together with the other European institutions, strongly supports Serbia in its path towards the EU", stated the EIB President Maystadt, "Infrastructures are essential to the modernisation process of the country and the Belgrade bypass represents a fundamental junction of Corridor 10".

Since 2001, the EIB has extended EUR 2.7bn in favour of projects located in Serbia.

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