Serbian Government Secures EUR 1.34 Million for the Belgrade Ring-Road

17. Juli 2006, 00:00

Director of the Serbian Roads Directorate , Branko Jocic, said on Friday that funds for the completion of the...

Director of the Serbian Roads Directorate, Branko Jocic, said on Friday that funds for the completion of the Belgrade ring-road, worth EUR 1.34 million (CSD 112 million), will be provided from the state budget.

Jocic told reporters that the completion of these works will allow the signing of a loan agreement worth EUR 276 million with the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) for completion of the entire project.

He added that this year special attention will be given to bridges which are in a bad condition and require urgent repair and reconstruction.

Reconstruction will first be carried out on the Gazela bridge in Belgrade, Pancevo bridge, and Zezelj bridge in Novi Sad. It is expected that a tender for the repair 60 bridges will be announced in September. This project will be financed with a loan provided by the EIB.

Jocic emphasised that funds are also continually being invested in renewal and reconstruction of highways and renovation of road-toll payment terminals. He added that all the road-toll proceeds are used for the reconstruction of roads and recalled that last year 15 per cent of the roads were renovated.

Assistant director of the Serbian Roads Directorate, Slavoljub Tubic, announced that the construction of the new bridge on the Danube near Beska in Vojvodina and the highway zone near Novi Sad will be implemented by Austrian construction firm Alpine Mayreder and the German firm DSD.

Tubic said that the funds for these two projects were secured by a loan by the EIB and the EBRD. These are the largest contracts that have been implemented in Serbia in the past 15 years. The construction works at the Beska bridge and in the Novi Sad highway zone will begin in September.

Eastbusiness.org
In cooperation with and under the responsibility of Eastbusiness, the business information service for Central and Eastern Europe

You can subscribe to the following newsletters
Eastexpress
CEE-Country
Share if you care.