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EBRD approves €150m loan for Corridor 10
Belgrade/London,
31 July 2009
The European Bank for Reconstruction and Development (EBRD) today approved a €150 million loan for the construction of the 90 km long Nis-Dimitrovgrad motorway section on Corridor 10.
Corridor 10 is one of ten pan-European corridors, providing vital links to Macedonia and Greece in the south and to Croatia, Hungary and Western Europe in the north.
The first section of the E-80 motorway, 18 km from Nis to Prosek, has already been built. The EBRD loan will be used to finance the construction of the remaining sections of the four lane motorway.
With a total cost of approximately €795 million, the project will be co-financed by the World Bank, the European Investment Bank and the Republic of Serbia.
The EBRD has committed over €1.6 billion to the Serbian economy, of which more than €610 million has gone towards infrastructure, concludes the statement.
The first section of the E-80 motorway, 18 km from Nis to Prosek, has already been built. The EBRD loan will be used to finance the construction of the remaining sections of the four lane motorway.
With a total cost of approximately €795 million, the project will be co-financed by the World Bank, the European Investment Bank and the Republic of Serbia.
The EBRD has committed over €1.6 billion to the Serbian economy, of which more than €610 million has gone towards infrastructure, concludes the statement.
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