MIHAJLOVIC: World Bank to provide EUR 100 million for infrastructure by the end of 2017

Minister of Construction, Transport and Infrastructure of Serbia Zorana Mihajlovic stated today that there would be EUR 100 million for construction of infrastructure by the World Bank in Serbia`s budget before the end of 2017, Beta reports.

Mihajlovic said that the money would be invested in road infrastructure, primarily roads in eastern and southern Serbia, and in energy efficiency.

– We cooperated a lot with the World Bank. We will get EUR 100 million, of which EUR 60 million for road infrastructure maintenance and EUR 40 million for energy efficiency – the minister stated.

She added that investments in road infrastructure encompassed 3,000 kilometers of roads, primarily in eastern and southern Serbia.

Commenting on her visit to a section of Corridor 10, which she is to make tomorrow together with the director of the World Bank, she said that “it is important for people to see what it looks like, as this is Serbia`s grandest infrastructural project”.

– We are completing Corridor 10. The hardest sections, the Grdelica Gorge and the bypass route around Dimitrovgrad, remain. The World Bank provided credits of EUR 310 million on Corridor 10 for the bypass route around Dimitrovgrad – the minister said, as reported by Beta.

As said by the Ministry of Economy, the World Bank pronounced Serbia the best SEE country looking by reforms which made it more attractive to foreign investors on Wednesday, October 25, 2017. The acknowledgment was accepted by the state secretary at the Ministry of Economy, Milun Trivunac, on behalf of the Government of Serbia.

The World Bank praised Serbia`s reforms and especially highlighted the adoption of the Law on Investments. As said at the Vienna forum on competitiveness in attracting investments, organized by the World Bank, Serbia is recognized as the most innovative country in attracting foreign investments in this part of Europe, says the press release by the Ministry of Economy.

Ministarstvo građevinarstva, saobraćaja i infrastrukture Republike Srbije

Svetska Banka-WB Beograd