european investment bank

Serbia Initiates €150 Million Road Modernization Initiative

Infrastructure modernization is a key focus of Serbia’s economic growth strategy. The European Investment Bank has approved a €150 million loan aimed at the reconstruction and enhancement of around 540 kilometres of both national and local roads, set to commence in early 2026. The initiative is designed to bolster transport safety, decrease travel times, and improve climate resilience throughout the nation’s road network. Additionally, the European Union will provide technical assistance to ensure effective project execution and adherence to environmental…