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Home News Serbia to tender for Nis-Pristina motorway by end of 2018

Serbia to tender for Nis-Pristina motorway by end of 2018

The first tender for construction of the Nis-Pristina motorway could be called by the end of his year, according to Zorana Mihajlovic, Serbia’s minister of construction. Value of the first phase of the project is estimated at €240 million. Around 20% of the amount will be financed from aid, while the remainder will be secured by the EBRD (European Bank for Reconstruction and Development) and the EIB (European Investment Bank).

by Sarah Biswell
March 6, 2018
in News
Reading Time: 1 min read
A A

The first tender for construction of the Nis-Pristina motorway could be called by the end of his year, according to Zorana Mihajlovic, Serbia’s minister of construction.

Value of the first phase of the project is estimated at €240 million. Around 20% of the amount will be financed from aid, while the remainder will be secured by the EBRD ( European Bank for Reconstruction and Development) and the EIB ( European Investment Bank).

The motorway will be part of a larger project to give faster access, through Pristina, capital of Kosovo, to Albania’s Adriatic Sea port of Drac. The planned 77km route will go from Nis via Merosina, Prokuplje and Kursumlija to Merdare and continue to Pristina.

The cost will likely top €800 million but contribute to the economic development of Serbia’s Toplica District that borders Kosovo.

Categories: Finance & Funding
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