Quick Facts

Where the impacts of the investment may be experienced.
  • Serbia
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • World Bank (WB)
Status: Active
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2009-07-09
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Republic of Serbia
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Infrastructure
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 388.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 448.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ WB website
Updated in EWS: 2017-08-08

Project Description
This project finances improvements and constrictions on 3 project sections of Corridor X, between Nis and Dimitrovgrad and Leskovac and Donji Neradovac respectively. There are four components to the project. The first component of the project is the M-1 road to Macedonia (E-75) - Corridor Xd. This component involves the construction of two sections of motorway totaling 31.9 km between Grabovnica and Gradelica, and between Vladicin Han and Donji Neradovac (Corridor Xd), together with consultant supervision of the works. The second component of the project is the M 1-12 road to Bulgaria (E-80) Nis to Dimitrovgrad - Corridor Xc. The third and fourth components cover road safety and project management assistance.
Investment Description
Contact Information
Contact: Richard Martin Humphreys Title: Senior Transport Economist Tel: +1 (202) 458 2951 Fax: +1 (202) 614 0900 Email: rhumphreys@worldbank.org ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.
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