Estimated Project Value: €1.9 billion
WBIF Grants: €135.3 million, out of which €117.3 million from the EU and €18.0 million from other donors
Loans Signed: €459 million
The WBIF has supported 18 projects with an overall estimated value of €1.9 billion across all eligible sectors. Grant support from the WBIF totals €135.3 million, whereas signed loans have reached €459 million. The EU support channelled through the WBIF accounts for €117.3 million and covers both technical assistance and investment works.
The WBIF has helped prepare and implement essential infrastructure developments across eligible sectors. It has successfully piloted the first renewables scheme in the country as well as planned to improve the capacities of the electricity distribution network. Better schools, healthcare and prison facilities, water and wastewater systems have been prepared and built. Moreover, the WBIF has contributed to the development of essential road and rail transport routes, which will ensure the country’s connections within the region and with the EU.
Achieved results (selection):
Expected results (selection):
Out of eighteen projects supported, ten are being implemented and eight are at various stages of preparation. In addition, North Macedonia has benefited from regional projects and initiatives funded by the WBIF, such as the Regional Energy Efficiency Programme for the Western Balkans (REEP and REEP Plus) and the Western Balkan Enterprise Development and Innovation Facility (EDIF).
Orient/East-Med Corridor: North Macedonia – Albania CVIII Road Interconnection, Bukojcani – Kicevo Subsection, (c) EU. 12.9 km-long motorway built according to modern safety standards.
€105.1 million investment value
€20.2 million EU grant
€79.2 million EBRD loan
For more details, please see the Project Summary (last updated July 2018).
Population: 2.1 million
GDP: €10 billion
GDP per capita Index: 37
General Government Debt: 39% GDP
EU Candidate: March 2004