Serbia is to receive development bank funding worth €273.8 million to carry out essential rehabilitation work on its national road network.
The loans from The European Investment Bank, the European Bank for Reconstruction and Development and the World Bank will go towards funding work on 1,100 km of major roads throughout Serbia over the next five years.
The work will form part of the Serbian Government’s National Road Network Rehabilitation Program. The aim is to serve international, inter-city and local traffic demand. It is hoped the road works will promote regional and national economic growth and facilitate trade across Serbia.
The total cost of the project is estimated at €390 million.