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Serbia is investing in infrastructure |
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Thursday, 29 January 2009 |
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Serbian government will invest 472 million euros in major infrastructure projects as response to the global economy crisis. These investment funds will be utilized for development and further construction of Pan-European Corridors 7(river Danube) and 10(Motorway&Railway), also one part will go to the national air-transport company: JAT Airways. Also Government will give loans for industry in total value of 1,36 billion euros, while additional 285 million euros will be loaned to the companies through Entrepreneur Development Fund.
More than half of Corridor 10 Motorway has been already constructed, some 300 kilometers are remaining. That sections will be done in the following 3 years, and will cost additional 1,72 million euros. After the completion of Corridor 10, revenues will rise from 200 million euros to 2 billion. In period 2009. to 2032. State will have net income of 4,3 billion euros. Also some additional 100 kilometers of subsidiary roads will be constructed. |
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