Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Serbia

Geographic location where the impacts of the investment may be experienced.

Specific Location

Pambukovica, Radusa, Gola Glava, Ub, Valjevo; Kolubara District; western Serbia

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

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Government of Serbia

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
Infrastructure
Water and Sanitation

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 19, 2025

Disclosed by Bank Aug 13, 2025

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Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the Pambukovica Dam Project is a multipurpose infrastructure initiative in western Serbia, primarily aimed at flood protection and secondarily at supporting irrigation and sediment retention.

The project involves the construction of a 27.5-meter-high earth embankment dam on the Ub River, approximately 21 km upstream from its confluence with the Tamnava River, spanning the cadastral municipalities of Pambukovica, Radusa, and Gola Glava. The dam will create a reservoir with a total volume of 8.15 million m3, enabling flood mitigation, irrigation of 2,225 hectares, ecological flow maintenance, and sediment control.

Phase 1 includes dam construction and road realignment, while Phase 2 (not currently financed by EBRD) envisions an irrigation network.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Information on the investment amount not provided at the time of disclosure.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, the Bank is financing the project through a sovereign loan to the Republic of Serbia, represented by the Ministry of Finance. The implementing agency is the Public Water Management Company "Srbijavode", operating under the Ministry of Agriculture, Forestry and Water Management.

According to information available online, unrelated to the EBRD's project disclosure, the project contractors seem to be Elem & Elgo d.o.o. and Energoprojekt Holding a.d..

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Elem & Elgo d.o.o.	Contractor	Energy
-	-	-	-	Energoprojekt Holding a.d.	Contractor	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Full ESIA documentation is available locally at:

Srbijavode location: Bulevar Umetnosti 2a, 11070 Belgrade, Serbia
Lena Marinovic / +381648404274
Tamara Vuckovic / +381648404192

Municipality of Ub - Vojvode Misica Street 20B, 14120 Ub, Serbia
Municipality of Valjevo – Karadjordjeva 64, 14000 Valjevo, Sebia

And

EBRD Belgrade location: Spanskih boraca 3, 11070 Belgrade,Serbia
Tel: +3381 11 212 0529/0530

And

Implementing agency's website: https://www.srbijavode.rs/javni-uvid.html

Environmental or social enquiries:

Milos Radovanovic
Email: milos.radovanovic@srbijavode.rs
Phone: +381648404071

Tamara Vuckovic
Email: tamara.vuckovic@srbijavode.rs
Phone: +381648404192

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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