Sitemap

EIB helps to improve sanitation and sewerage systems in Belgrade

• The EIB has signed a EUR 35m loan to finance the sewerage system of the City of Belgrade, improving living conditions for 170 000 people in the Palilula Municipality
• The project aims to provide vital infrastructure to local residents and reduce pollution of the Danube River and groundwater via the construction of a wastewater treatment plant
• The EU bank also provided a technical assistance grant of up to EUR 1.1m for the preparation of the project under the Economic Resilience Initiative (ERI)

The European Investment Bank (EIB) is continuing to help improve environmental and social standards in Serbia with a EUR 35m loan to the City of Belgrade. The loan will finance the sewerage system and a wastewater treatment plant in the Municipality of Palilula, located on the left bank of the Danube River.

The project will help provide better sanitation and living conditions for approximately 170 000 people, will contribute to reducing environmental pollution and will increase the EIB’s support for the environment sector in line with the EU strategy for the Western Balkans.

In addition to the EIB loan, the investment will benefit from a EUR 1.1m technical assistance grant, provided under the Economic Resilience Initiative (ERI) to support the City of Belgrade in better preparing and implementing the project. The remaining share of a total of EUR 52m in financing will be provided by the municipal budget.

The loan was signed today in Luxembourg by Miguel Morgado, Director of the EIB’s Adriatic Sea Lending Operations Department, and Goran Vesic, Deputy Mayor of the City of Belgrade.

Miguel Morgado said: “We look forward to having this complex project completed as planned according to the best European standards, and to support other much needed, viable projects in the environment sector, thus contributing to climate action as a top priority. We are also happy to have mobilised a EUR 1.1m technical assistance grant under ERI. With its lending and advisory operations and in close cooperation with the European Commission, the EIB is continuing to contribute to the economic development and well-being of the people of the region and covering a wide range of strategic sectors, from connectivity to the environment.”

More...

EIB Provides €30 Million To UniCredit Bank Serbia For Serbian SMEs

• The first impact finance loan for Serbian SMEs • This highly innovative EIB operation aims to support employment, sustainable and inclusive development and economic...

EU announced over €3.3 billion of support for the Western Balkans

EU reinforces support for the Western Balkans to address COVID-19 crisis and outlines proposal for post-pandemic recovery   The European Commission announced over €3.3 billion of...

EIB Group contributes € 5.2 billion to EU response to COVID-19 outside the EU

The European Investment Bank Group, the bank of the European Union, today announced details of a comprehensive response to the coronavirus pandemic outside the...

EUR 50 million from EIB to Crédit Agricole Srbija to support local companies and projects

• First EUR 30m tranche of an approved EUR 50m credit line signed today; • Credit Agricole Srbija aims to finance manufacturing and agricultural businesses...

News

Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that a six-member medical team has arrived in Serbia: two anesthesiologists, one emergency...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

Montenegro Building Hydroelectric Power Plant Without Asking Serbia For Permission

The state of Montenegro, judging by the 2020 Concession Plan for the use of watercourses to develop hydroelectric power...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that a six-member medical team has arrived in Serbia: two anesthesiologists, one emergency...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...