Serbia Route 7 Highway (EBRD-50086)

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.
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
Proposed
Bank Risk Rating
A
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
Nov 28, 2018
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.
Sectors
  • Transport
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)
$ 93.39 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 80 million
Converted using 2018-09-19 exchange rate.
Loan Amount (USD)
$ 93.39 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)
$ 261.50 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 224
Converted using 2018-09-19 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 12, 2019

Disclosed by Bank Sep 19, 2018


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Project Description

According to Bank documents, this project will provide financing for the construction of a road section to semi-motorway standard, approximately 39.4 km in length between Nis and Plocnik. This project is part of a longer road section from Nis to Merdare, which connects Serbia with Kosovo and further with Port of Durres in Albania, and is part of Route 7 of the Western Balkans Core Network.

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

Project Contact: Zoran Babic, Acting Director
Email Address: zoran.babic@koridorisrbije.rs
Telephone No.: +381 11 33 44 174
Website: www.koridorisrbije.rs
Office Address: Kralja Petra, 21 11000 Belgrade Republic of 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.