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A:
EU accepts two Serbian transport projects
Belgrade/Brussels,
8 March 2005
The European Commission’s working group on transport has officially accepted projects for corridors E-7 and E-10 through Serbia, presented by Serbian Deputy Minister of Capital Investment Miodrag Jocic.
The EC’s approval of these projects represents an important milestone along the way to further development of Serbia’s transport infrastructure, with loans from international financial institutions and the EU to follow this decision.
Corridor E-7 is the name given to the part of the Danube River that runs through Serbia and Corridor E-10 is one of the main road and railway routes running through Serbia.
Crucial for yesterday’s decision was the February 15 meeting of the EC’s working group, at which Serbia’s projects were initially adopted.
Jocic said following the meeting that Corridor 10 runs 800 kilometres through Serbia, of which 450 kilometres have already been built. Completion of the entire project will cost an estimated €1.7 billion.
The main financiers are the European Investment Bank, the European Bank for Reconstruction and Development, the World Bank and as well as various other institutions. The project also envisions funding from other concessions as well as from Serbia’s budget.
According to Jocic, Corridor 7 has long been among Europe’s priorities, as the 600-kilometre stretch through Serbia is considered the best waterway section on the entire Danube.
This project has been initially estimated at some €500 million and it also includes in its plan the cleaning up of bombs, which were dropped during the 1999 bombardment of Yugoslavia, from the Danube riverbed, said Jocic.
Corridor E-7 is the name given to the part of the Danube River that runs through Serbia and Corridor E-10 is one of the main road and railway routes running through Serbia.
Crucial for yesterday’s decision was the February 15 meeting of the EC’s working group, at which Serbia’s projects were initially adopted.
Jocic said following the meeting that Corridor 10 runs 800 kilometres through Serbia, of which 450 kilometres have already been built. Completion of the entire project will cost an estimated €1.7 billion.
The main financiers are the European Investment Bank, the European Bank for Reconstruction and Development, the World Bank and as well as various other institutions. The project also envisions funding from other concessions as well as from Serbia’s budget.
According to Jocic, Corridor 7 has long been among Europe’s priorities, as the 600-kilometre stretch through Serbia is considered the best waterway section on the entire Danube.
This project has been initially estimated at some €500 million and it also includes in its plan the cleaning up of bombs, which were dropped during the 1999 bombardment of Yugoslavia, from the Danube riverbed, said Jocic.
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