economy
March 3, 2026
Serbia to Borrow 350 Million Euros for Roads
The Government of Serbia adopted the Bill on the Ratification of the Financial Agreement "Sustainable Improvement of the Road Network" between the Republic of Serbia and the European Investment Bank, as well as the Bill on the Ratification of the Framework Loan Agreement LD 2251 (2025) between the Council of Europe Development Bank and the Republic of Serbia for the financing of the public sector – rehabilitation of local roads.
TL;DR
- Serbia will borrow a total of 350 million euros for road infrastructure development.
- 150 million euros will be borrowed from the European Investment Bank for state and local roads, focusing on rehabilitation and climate resilience.
- 200 million euros will be borrowed from the Council of Europe Development Bank for the rehabilitation of local roads in less developed municipalities.
- The project with the Council of Europe Development Bank will also be co-financed by the Serbian budget.
- Road works include repairs, widening, drainage improvements, and the addition of sidewalks and bike paths.
- Both agreements require ratification by the National Assembly.
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