Negre: New EIB investments in Serbia to exceed 500 mln euros

The European Investment Bank (EIB) has launched a new, 500-plus mln euro cycle of investments in infrastructure and other projects in Serbia - ideally, all of the funds will be utilised by 2022, says Dubravka Negre, head of the EIB Regional Representation for the Western Balkans.

16 Maj 2019 14:49

BELGRADE - The European Investment Bank (EIB) has launched a new, 500-plus mln euro cycle of investments in infrastructure and other projects in Serbia - ideally, all of the funds will be utilised by 2022, says Dubravka Negre, head of the EIB Regional Representation for the Western Balkans.

In a statement to Tanjug, she said the drawing of the funds would chiefly depend on project complexity and the capacities of the relevant government and local institutions in terms of using the funds.

Last year, the EIB signed a record number of contracts on new investments in the Western Balkan region, worth 1.1 bln euros, with over 40 pct to go to Serbia, she said, adding that 2019 would see stronger investment in local infrastructure.

"Those are funds for municipal infrastructure across Serbia, set aside for improvements of the water supply infrastructure, the water supply network and water treatment plants, etc." Negre said.


Photo: Tanjug/D. Kujundzic

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