Belgrade Highway and Bypass Project

Project Description

The proposed project is for the urgent rehabilitation of the Gazela Bridge and approach roads, which is the main bridge in the City of Belgrade and forms an integral part of Trans European Corridor X, and construction of the remaining sections of the Belgrade bypass, which is required to alleviate traffic congestion in the City.

Transition Impact

The proposed project will contribute to the transition process by:

• Ensuring the privatisation of the road maintenance companies;
   
• Supporting the development of a corporate plan to provide a medium term business strategy and organisational development programme;
   
• Ensuring the implementation of some of the key provisions of the new Roads Act;
   
• General support and assistance to the Managing Director of the Public Enterprise Serbian Roads on matters including administration, management and organisation of the road network.

The Client

Public Enterprise Serbian Roads, a separate legal entity responsible for the construction, maintenance and management of roads in the Republic of Serbia.

EBRD Finance

The EBRD will provide a sovereign guaranteed loan of EUR 80 million. Parallel financing is being provided by the European Investment Bank (EIB) in an amount of EUR 80 million and co-financing from the City of Belgrade in an amount of EUR 7.5 million. Serbian Roads will contribute EUR 112 million. Technical co-operation funds are also being provided (see below).

Project Cost

EUR 290.4 million.

Environmental Impact

The project was screened “A/1, requiring an Environmental Impact Assessment (EIA.).

A copy of the Executive Summary of the Environmental Impact Assessment (“EIA”) prepared for the above project by PE "Roads of Serbia" and its advisors is available via the EIA link below.

There is an Environmental and Social Impact Assessment available for this project.

Technical Cooperation

• Grant finding from the European Agency for Reconstruction (‘EAR’) in an amount of EUR 4.1 million has been secured to assist with the tendering and undertake the engineering supervision for the Gazela bridge and the approach roads
   
• Grant finding from the European Agency for Reconstruction (‘EAR’) in an amount of EUR 2.0 million to assist with the re-location of the Roma community located under the Gazela bridge has been secured
   
• Grant funding from the Department for International Development (‘DFID’) in an amount of EUR 30,000 to provide a full and participatory needs assessment of the Roma community has been secured
   
• Grant funding in an amount of EUR 5.0 million for the supervision of the Belgrade bypass will be sought, with EAR being the most likely source of financing

 

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