A total of €13 billion has been secured for investments in Serbian road and other infrastructure projects, according to Serbia’s president and minister of transport, Velimir Ilic.
President Ilic said that the funding will be used for construction of the road Corridor 11, between Belgrade and Pozega, the continuation of works between Pozega to Boljare in Montenegro, and the connection of Valjevo with Corridor 11, including further works through Ljubovija and Bratunac. He also said that the multi-million euro funding pot includes a loan from Russia for modernisation of the country's rail infrastructure and construction of the new block at the thermal power plant TE Kostolac.
President Ilic said that the funding will be used for construction of the road Corridor 11, between Belgrade and Pozega, the continuation of works between Pozega to Boljare in Montenegro, and the connection of Valjevo with Corridor 11, including further works through Ljubovija and Bratunac. He also said that the multi-million euro funding pot includes a loan from Russia for modernisation of the country's rail infrastructure and construction of the new block at the thermal power plant TE Kostolac.
