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Infrastructure - AUGUST 13, 2019

Serbian government to invest up to €12b in infrastructure projects

by Kali Persall

The Republic of Serbia is looking to invest between €10 billion and €12 billion ($11 billion and $13 billion) into transportation, energy, digital infrastructure and other infrastructure projects in the country, according to a National Investment Plan delivered by Serbian president Aleksandar Vucic on Aug. 11.

The Serbian government is looking to invest €3 billion ($3.3 billion) in sewage and water treatment projects, €1 billion ($1.1 billion) into reconstructing the Belgrade-Presevo railway line, and at least €1.3 billion ($1.4 billion) into local and regional roads.

An additional €700 million ($784 million) will be allocated to schools and healthcare facilities, €500 million ($560 million) to digital infrastructure, €100 million ($112 million) to entrepreneurship, and a further €500 million ($560 million) to energy efficiency.

The government also envisions additional investments in agriculture and tourism.

In addition, the National Investment Plan will include the construction of a subway in Belgrade, 10 stadiums, a concert hall and the relocation of the Nikola Tesla Museum.

"With great enthusiasm, we started all this. Now we have the money, we are not late in paying anything,” said Vucic. “Today, Serbia can do this."

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