Q:
A:
Agreement on crediting ring road around Belgrade signed
Belgrade,
19 October 2007
Serbian Minister without Portfolio in charge of implementation of the National Investment Plan (NIP) Dragan Djilas signed today on behalf of the government a financial agreement on guarantee for the project "Ring Road Around Belgrade - Section A" with representatives of the European Investment Bank.
Author:
Tanjug
Djilas said that this agreement is worth €60 million.
The fact that world financial institutions approve loans to Serbia is a sign that they have confidence that Serbia will use that money in the right way, but also give it back within deadlines established, the Minister said.
The Belgrade city authorities agreed to set aside RSD 300 million for continuation of the ring road, Djilas stated.
Vice-President of the European Investment Bank Dario Scannapieco said that this agreement represents the first tranche of the total loan worth € 180 million. The repayment period is 25 years, with a possible five-year grace period.
Director of the public company "Putevi Srbije", which is in charge of implementation of the project of the Belgrade ring road, Branko Jocic, said that another agreement with the same purpose should be signed in mid-November with the European Bank for Reconstruction and Development, worth €55 million. He outlined that the estimated value of the entire project is €452 million.
The fact that world financial institutions approve loans to Serbia is a sign that they have confidence that Serbia will use that money in the right way, but also give it back within deadlines established, the Minister said.
The Belgrade city authorities agreed to set aside RSD 300 million for continuation of the ring road, Djilas stated.
Vice-President of the European Investment Bank Dario Scannapieco said that this agreement represents the first tranche of the total loan worth € 180 million. The repayment period is 25 years, with a possible five-year grace period.
Director of the public company "Putevi Srbije", which is in charge of implementation of the project of the Belgrade ring road, Branko Jocic, said that another agreement with the same purpose should be signed in mid-November with the European Bank for Reconstruction and Development, worth €55 million. He outlined that the estimated value of the entire project is €452 million.
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