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The Government of the Republic of Serbia

In the service of citizens

EBRD will support construction of Corridor 10

Belgrade, 1 September 2008

Serbian Prime Minister Mirko Cvetkovic said today that the European Bank for Reconstruction and Development (EBRD) will secure €150 million for the eastern section of Corridor 10 from Nis to Dimitrovgrad.

Author: Tanjug

After meeting with newly appointed EBRD President Thomas Mirow, Cvetkovic said they discussed cooperation in the field of road and railway infrastructure, energy, construction of Corridor 7, as well as support for attracting foreign investments and financing local self-government projects.

He noted that EBRD is interested in acting as an intermediary for the Serbian government with private investors in securing greenfield investments.

Mirow said that EBRD plans to invest between €250 million and €280 million annually in Serbia so that the government can achieve its projected goals.

EBRD will support the Serbian government in the fields of infrastructure and energy, attracting foreign investments and will help Serbian investors invest in countries in the region.

Mirow added that Serbia has a central role in the Balkan region and that the Serbian government intends to improve cooperation with the EU, which is why he chose to visit Serbia first after his appointment as EBRD President.

The meeting was also attended by Minister of Finance Diana Dragutinovic, Minister of Infrastructure Milutin Mrkonjic and Minister of Energy and Mining Petar Skundric.