Estimated Project Value: €2.1 billion
WBIF Grants: €185.2 million, out of which €163.6 million from the EU and €21.6 million from other donors
Loans Signed: €591 million
The WBIF has supported 23 projects with an overall estimated value of €2.1 billion across all eligible sectors. The WBIF has provided €185.2 million in grants, whereas the loans signed on WBIF projects have reached €591 million. The EU support channelled through the WBIF accounts for €163.6 million and covers both technical assistance and investment works.
The WBIF has helped prepare and implement essential infrastructure across all 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 waste water 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, and to the preparation of investments in broadband connectivity.
The WBIF will support North Macedonia in implementing key objectives of the Economic and Investment Plan for the Western Balkans by 2024, including:
Achieved results (2009 - 2020):
Expected results (2021 - 2030):
Out of the 23 supported projects, 10 are being implemented and 13 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 for construction works
€79.2 million EBRD loan
For more details, please see the Project Summary (last updated July 2018).
Population: 2.1 million
GDP: €11.3 billion
GDP per capita: €5,170
Public Debt: 51.25% GDP
EU Candidate: December 2005