Damage to infrastructure "around EUR 260mn"

The flood has caused damage to energy, telecommunications, railway and road infrastructure worth some EUR 260mn, Deputy PM Zorana Mihajlović said on Sunday,

Izvor: Tanjug

Monday, 02.06.2014.

09:35

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Damage to infrastructure "around EUR 260mn"

"We will work on roads first so that Serbia can solve those problems as early as October. The damage to Category I and Category II roads, as well as local roads, amounts to around EUR 40 million," Mihajlović told Tanjug during a visit to Obrenovac with World Bank officials.

The estimated damage in local self-government units that have submitted their reports is at around EUR 200 million, Mihajlović said.

"We still have not received the reports from all local self-governments. Understandably, we still cannot obtain that information from Obrenovac," she said.

A difficult period is ahead for us, but the government, alongside international organizations and the EU, will do everything to find a way out of those problems, she said.

We will find funds to rebuild houses by the autumn and ensure that life gets back to normal, not only in Obrenovac, but in other flood-hit cities as well, Mihajlović said, adding that final damage assessments are a prerequisite for this.

The money for repairing the damage will come from the EU Solidarity Fund, loans provided by the World Bank and the European Bank for Reconstruction and Development (EBRD), but also from unused IPA funds, she said.

World Bank Vice President Laura Tuck expressed condolences in Obrenovac to all those who lost their loved ones or property in the catastrophic floods, adding that the World Bank has already donated USD 150,000 for urgent repairs.

She also said that the bank has already approved USD 100 million for reconstruction of Serbian roads, but that the funds will now be redirected to the most urgent projects.

Once that money is spent, we can work on a new project that will be worth as much as the government believes is necessary, Tuck said.

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