World Bank approves $119 million loan to Serbia
Thanks to a new $119 million (Euro 100 million equivalent) Enhancing Infrastructure Efficiency and Sustainability Program, approved by the World Bank Group Board of Directors, Serbia will be able to better maintain 8,000 kilometers of roads and improve energy efficiency in 234 of its public buildings.
The program will support Serbia in improving the management and sustainability of public infrastructure, focusing on the transport and energy sectors.
The transport component focuses on supporting efforts to modernize the way road maintenance is managed, helping the country move from traditional maintenance to Performance-based Maintenance Contracting.
This transition will bring better planning, contracting, and fiscal discipline to the Public Enterprise Roads of Serbia and will ensure better safety on Serbian roads.
The energy component supports the government’s Program for Reconstruction and Improvement of State-Owned Public Facilities by improving energy efficiency and safety in 234 public buildings throughout Serbia and strengthening the implementation capacity of the program.
The renovated buildings - which include hospitals and clinics, schools and kindergartens, and other social facilities - will have lower energy bills, improved building conditions (such as better lighting and heating), extended operational lifetimes, and enhanced safety (e.g. structural improvements and fire protection). ■