Estimated Project Value: €6.5 billion
WBIF Grants: €228.9 million, out of which €203.1 million from the EU and €25.8 million from other donors
Loans Signed: €2.6 billion
The WBIF has supported 42 projects with an overall estimated value of €6.5 billion across all eligible sectors. The WBIF has provided €228.9 million in grants, whereas the loans signed on WBIF projects have reached €2.6 billion. The EU support channelled through the WBIF accounts for €203.1 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 research, development and innovation as well as start-up incubator facilities alongside retrofitting of schools. Social housing, judiciary facilities, and municipal services (water, waste water and district heating) have also been planned for and are currently being built or are in operation. Gas and electricity transmission lines as well as key road and railway transport routes have been designed for upgrade and are being implemented, and options for a new port in Belgrade are currently being reviewed. Urban transport investments in Belgrade were executed, with a view to increasing public transport capacities and reducing its carbon footprint, and broadband connectivity in rural areas is being prepared.
The WBIF will support Serbia in implementing key objectives of the Economic and Investment Plan for the Western Balkans by 2024, including:
Out of the 42 projects supported, 5 have been completed, 15 are being implemented and 22 are at various stages of preparation. In addition, Serbia 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).
For more details on the current status of the WBIF operations in Serbia, please visit our Projects page.
Orient/East-Med Corridor: Serbia – Bulgaria CXc Rail Interconnection, Sicevo - Dimitrovgrad Section, (c) EU. 80 km of railway track upgraded, including preparatory works for electrification and signalling and telecommunication systems.
€84.4 million investment value
€44.7 million EU grant for construction works
€36.7 million EIB loan
For more details, please see the Project Summary (last updated July 2018).
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence.
Population: 6.9 million
GDP: €45.9 billion
GDP per capita: €6,620
Public Debt: 58.37% GDP
EU Candidate: March 2012