25/11/2010 – EIB: SERBIA, 40 MLN EUROS FOR BELGRADE RING ROAD DEAL SIGNED FOR SECOND TRANCHE OF 180 MLN EURO LOAN
The European Investment Bank (EIB) signed an agreement in Belgrade for the concession of the second tranche of 40 million euros for the construction of a ring road around Serbia’s capital. Today’s signing releases the second tranche of a loan of 180 million euros to Serbia, approved by the EIB in 2007. Its goal is the construction of a ring road of 20 km around the capital. The road will have a capacity of 60 thousand vehicles per day and will decongest traffic in the city. A 27 km long motorway with four lanes will be built in the south-west of Belgrade. The release of a first tranche of 60 million was approved in 2007, the agreement on the final 80 million will be signed in 2011. The ring road is part of Corridor 10, an important pan-European artery that will link Salzburg (Austria) to Thessaloniki (Greece) via Ljubljana – Zagreb – Belgrade – Nis – Skopje – Veles.
Source: Vecchio sito IPA