Release date: 20 October 2003
Promoter – Financial Intermediary
Serbian Road Directorate (SRD) and Montenegrin Ministry of Maritime Affairs and Transport (MAT).Description
The proposed project includes two schemes:
- The rehabilitation of the existing carriageway between Belgrade and Novi Sad (Pan European Corridor X) as well as the construction of a new carriageway on the same section including the bridge Beska over the Danube. The increasing traffic on the road axis between Belgrade and the Hungarian border has created congestion on the section Belgrade-Novi Sad where a very high level of traffic is registered.
- Upgrading of the E65 road section between Podgorica and Bar (Adriatic coast). The construction of the Sozina Tunnel -already started by the Montenegrin Government- will be completed by new access roads.
Objectives
The selected investments will contribute to modernise the existing regional road connections with substantial time savings and improved safety.
Comments
Roads rehabilitation and upgrading.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately EUR 50 million.
Total cost (Approximate amount)
Approximately EUR 115 million.
Environmental aspects
For both elements of the project full EIA procedures will need to be followed and will be assessed during appraisal. For Belgrade Novi-Sad, it can be expected that no significant impacts will occur in the widening of an existing transport corridor. For the Podgorica Bar road, there is a protected environmental area next to the project. Appropriate measures to be undertaken in this area will be evaluated and suggested to the promoter.
Procurement
EIB procedures for international procurement would be applied, where relevant.
Status
Signed - 17/05/2004
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).