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The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of water transport, according to the statement by the Ministry of Construction, Transport and Infrastructure.

The funds are intended for the realisation of three projects – the adaptation of the water navigation lock within Hydro electrical power plant “Djerdap 2”, the expansion of the electronic waterway marking system (AtoN) to the Sava River, and the purchase of two vessels for the needs of the Waterways Directorate.

The funds have been approved through Connecting Europe Facility Fond, аnd the total amount of the grant, €16 million, covers 40 per cent of the total value of the projects, while the remaining funds have already been secured through a loan of the European Investment Bank and the Serbian budget.

The Ministry of Construction, Transport and Infrastructure applied for the funds together with the Austrian Ministry for Climate Change, Environment, Energy, Mobility, Innovation and Technology.

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