EIB invested EUR 340mln in projects in Serbia

In the first six months of this year, the European Investment Bank signed contracts for financing projects in the Western Balkans worth EUR 600 million.

More than half of that money, about EUR 340 million, was allocated for projects in Serbia.

Dubravka Negre, head of EIB’s Western Balkan office, says that, since 2001 and re-opening of the office in Serbia, the bank had financed projects in our country worth EUR 5.3 billion.

The bank, which is celebrating its 60th anniversary and 40 years of its presence in Serbia, has financed the projects in the private as well as in the public sector, mostly in the field of infrastructure, from transport, energy, education, science and research to health projects, but also construction of municipal and utility infrastructure and financially supporting small and medium enterprises.

“In order to boost lending to small and medium enterprises in Serbia, we have allocated EUR 1.7 billion so far”, Negre adds. Regarding the guarantees given by the European Investment Fund / EIF (which is a segment of the EIB) for the benefit of small and medium enterprises, the bank shares the risk of financing with commercial banks, Negre explains and adds that about EUR 300 million have been allocated for that purpose so far.

Also, the European Investment Bank (EIB) plans to approve a short-term grant for the preparation of project documentation for the construction of a bypass railway line in Nis, in southern Serbia, Negre announces.

The EIB will also provide grants for the overhaul of sections of Nis-Dimitrovgrad railway line and preparation of project documentation for a railway line linking Nis and Presevo to the Serbian border, Negre said, as quoted in a statement by the Serbian government on Wednesday.

Moreover, the bank will provide grants for the project documentation for the development of river transport infrastructure in Serbia, the head of EIB Western Balkan office said at a meeting with Serbian Infrastructure Minister, Zorana Mihajlovic.

Last week, Mihajlovic said the value of Serbia’s new investment cycle into road infrastructure is some EUR 5 billion, while the value of the investment projects currently being implemented is close to EUR 16 billion.

Want to open a company in Serbia in few days? Click here!

Some of the most important projects that the EIB had financed in the past years include the southern and eastern segments of the Corridor 10, the Clinical Centre in Nis, the modernization and reconstruction of the Yugoslav Cinematheque, the renovation of the Palace of Justice, the Special Court, the financing of science and technology parks, the renovation of the National Library in Belgrade, and the renovation of the Nis Fortress.

(Nova Ekonomija, 22.06.2018)



This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published.

scroll to top