Q:
A:
EIB to provide support in flood relief
Belgrade,
11 June 2014
Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic spoke with a delegation of the European Investment Bank (EIB) which is ready to provide assistance in the reconstruction of infrastructure damaged by the recent floods that hit Serbia.
Mihajlovic informed the EIB delegation, led by Head of Division of Lending Operations in Slovenia, Croatia and Western Balkans Dominique Courbin, that direct damaged to the road, telecommunications and energy infrastructure stands at approximately €300 million.
The preliminary assessment of the damage to local self-governments amounts to the same figure.
The government’s priority will be the clean-up of the damage on road infrastructure that has to be completed by October, as well as construction of new housing units for citizens whose houses were completely destroyed in the floods.
In addition to this, the ministry will do everything together with public companies to speed up the realisation of the projects already launched on Corridor 10, the Belgrade ring road and railway infrastructure, where there have been considerable delays in the previous period, Mihajlovic stated.
Courbin reiterated that the EIB, in coordination with the World Bank, European Bank for Reconstruction and Development and the European Commission, is ready to back Serbia’s efforts at repairing damage caused by the floods.
He specified that the support would be given by redirecting part of funds from the loans intended for reconstruction of roads and the improvement of local infrastructure into funds for support for reconstruction of the road and other infrastructure damaged by the floods.
Once the final damage assessments are made, the EIB will be ready to hold talks with the government about possible new loans and support to new projects which the ministry plans to implement during its mandate, Courbin concluded.
The preliminary assessment of the damage to local self-governments amounts to the same figure.
The government’s priority will be the clean-up of the damage on road infrastructure that has to be completed by October, as well as construction of new housing units for citizens whose houses were completely destroyed in the floods.
In addition to this, the ministry will do everything together with public companies to speed up the realisation of the projects already launched on Corridor 10, the Belgrade ring road and railway infrastructure, where there have been considerable delays in the previous period, Mihajlovic stated.
Courbin reiterated that the EIB, in coordination with the World Bank, European Bank for Reconstruction and Development and the European Commission, is ready to back Serbia’s efforts at repairing damage caused by the floods.
He specified that the support would be given by redirecting part of funds from the loans intended for reconstruction of roads and the improvement of local infrastructure into funds for support for reconstruction of the road and other infrastructure damaged by the floods.
Once the final damage assessments are made, the EIB will be ready to hold talks with the government about possible new loans and support to new projects which the ministry plans to implement during its mandate, Courbin concluded.
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