The EU granted Serbia EUR 223.7 million for seven projects

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Grants in the amount of EUR 223.615 million were allocated by the European Union to Serbia for investments in seven projects, Balkanengineer.com has learned from Ekapija.com. Three of them are in the transport sector, two in the energy sector and one each in the digital and social sectors infrastructure, Their total value is EUR 885.4 million. The funds have been approved as part of the sixth call for project proposals from the Western Balkans Investment Framework (WBIF) of the European Union.

The Minister of European Integration and the National Coordinator for Pre-Accession Instruments Jadranka Joksimovic explained that all these projects are designed to contribute to growth of investments in Serbia and to deepen the overall commercial and economic cooperation of Serbia with the region of the Western Balkans and with the European Union.

Projects from the transport sector also include the modernization of the railway line Nis-Dimitrovgrad-border with Bulgaria.

In the energy sector, the approved amount of 17,038,367 euros of EU grants will be used for the realization of the Trans-Balkan Corridor through the construction of an interconnection between transmission lines between Serbia, Montenegro and Bosnia and Herzegovina.

Funds will also be allocated for the development and modernization of the electricity distribution network by introducing a modern system for reading electricity meters and controlling electricity consumption.

Photo source: freepik.com