Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

02 Nov 2004



PSD disclosed:

06 May 2004

Project Description

The proposed project consists of the modernisation of the Belgrade and Podgorica air traffic control centres and corresponding surveillance, navigation and communication infrastructure in Serbia and Montenegro.
The investment will enable the management of air traffic over the territory of Serbia-Montenegro in a safe and efficient manner and in accordance with the requirements for a unified air traffic management system in Europe, as per Serbia-Montenegro international obligations under the provisions of the International Civil Aviation Organisation (ICAO) and the Eurocontrol Agency.

Transition Impact

The project will demonstrate the benefit of the new institutional and financial framework set up by Serbia and Montenegro in line with best international practise and consisting of :
  • an independent air navigation service provider, dedicated to operational and commercial excellence;
  • a separate Civil Aviation Directorate, responsible for regulation and safety oversight of the service provider and commercial airlines;
  • international integration, through Serbia-Montenegro membership to ICAO, Eurocontrol and the European Civil Aviation Conference (ECAC);
  • the full recovery of the costs of providing air navigation services from airline users and the separation of the corresponding revenues from the State budget.

The Client

The beneficiary of EBRD financing is the newly established air navigation service provider, Serbia-Montenegro Air Traffic Services Agency, SMATSA. SMATSA is a limited liability company jointly owned by the Republic of Serbia and the Republic of Montenegro. SMATSA will also implement the project.

EBRD Finance

€ 33.5 million loan to SMATSA, with the sovereign guarantee of Serbia-Montenegro.
The project will be co-financed with the European Investment Bank (EIB) that will extend a € 36 million parallel loan.

Project Cost

€ 112 million

Environmental Impact

The project will comply with national and EU standards where applicable.  The Client has provided initial information on the current environmental conditions of the existing facilities.

Technical Cooperation

Technical due diligence by Swedavia – EBRD TC funds (Sweden)
Training in Project Management by MITRE corporation - US Trade Development Agency Assistance (bilateral)
Assistance to project management and documentation development by MITRE corporation - US Trade Development Agency (bilateral)

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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