EBRD finances infrastructure, transport in Kragujevac

The European Bank for Reconstruction and Development (EBRD) is financing critical upgrades to the municipal infrastructure and urban transport in Kragujevac.

Izvor: B92

Thursday, 24.12.2015.

10:13

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EBRD finances infrastructure, transport in Kragujevac

The bank said in a statement that Kragujevac is an important industrial and trading center in Serbia, and is "in critical need to modernize its municipal infrastructure and improve the sustainability of its services."

The loan is "addressing these challenges and also supporting the city in finding opportunities to increase private sector participation in municipal projects."

"Total grant funded post-signing support will be provided in an amount of EUR 840,000 including funding to support the preparation of tender documents and the tendering process which has been provided by Germany," the statement said.

Since the start of its operations in Serbia, the EBRD has invested over EUR 4 billion in over 190 projects across the country.

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