Serbia: Transport Rehabilitation Project

WASHINGTON, June 20, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD LOAN: US$50 million.

TERMS: Grace period = 5 years; Maturity = 17 years. 

PROJECT DESCRIPTION: This supplemental financing will support the rehabilitation of an additional 113 kilometers of main and regional roads in Serbia. The project will help improve road safety by incorporating safe road design principles, road safety audits, and eliminating identified accident ‘black spots’. It will also support the extension of the very successful performance-based road maintenance contracts for three additional years in the Macva and Kolubara regions.

 

For more information, please call Steven Jouy, at (+1-202) 473-4215 or email: sjouy@worldbank.org

For more project information, please visit the project web site.