GrCF - Belgrade Green Boulevard (EBRD-49267)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Serbia
Where the impacts of the investment may be experienced.
Specific Location
Belgrade City
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 20, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
City of Belgrade
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 22.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 20
Converted using 2017-06-20 exchange rate.
Loan Amount (USD)
$ 22.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 22.27 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 20
Converted using 2017-06-20 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 12, 2019

Disclosed by Bank Oct 15, 2018


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Project Description

According to EBRD website, the Green Boulevard forms part of the programme of reconstruction and modernisation of tram tracks and streets in Belgrade, which has been ongoing for much of the past 15 years. As identified in the SMART Plan, this programme responds to the need for improvement of the existing streets, integrating improvements to traffic speeds by coordination of traffic signalling and prioritisation of tram (and in future, bus) traffic. The main objectives are: (i) renovation of tram tracks in central Belgrade to allow new trams to operate, and (ii) rehabilitation and expansion of the City's main roads to secure a better and safer traffic flow.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Dragan Milosevic
Email Address: dragan.milosevic@beograd.gov.rs
Telephone No.: +381 11 321 62 19; +381 11 323 71 57
Website: www.beograd.rs
Office Address: City of Belgrade Secretariat for Investment Trg Nikole Pasica 6 11000 Belgrade Serbia

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.