On 28 April 2023, the National Assembly of the Republic of Serbia ratified the Loan Agreement between the Republic of Serbia and the International Bank for Reconstruction and Development and the Credit Agreement between the French Development Agency and the Republic of Serbia for the Local Infrastructure and Institutional Development Project in the Republic of Serbia (“LII Project”).
The project holder is the Ministry of Construction, Transport and Infrastructure. The total value of the project is EUR 265,200,000 and it will run until 30 November 2028.
A total of 145 local government units have received grant funding according to a predetermined formula.
Today the Mayor of Smederevo, Jovan Beč, signed a Cooperation Agreement with the Ministry of Construction, Transport and Infrastructure on behalf of the City.
Recognising the need to deepen cooperation and partnership in order to strengthen the capacity of the City of Smederevo and the Republic of Serbia to improve the management of local infrastructure and the capacity of local institutions, this Agreement aims to strengthen capacity for the sustainable management of local infrastructure and to improve access to economic and social opportunities in a climate-sensitive way. The City of Smederevo has been allocated EUR 2,220,448 for projects in the following areas: rehabilitation and reconstruction of existing transport infrastructure; construction of new pedestrian crossings, cycle paths or public transport spaces; greening and tackling legacy pollution; public lighting; improving the traffic management system; improving the traffic control system; and parking regulation and road safety.
In the coming period, detailed plans will be drawn up setting out how the funds will be used for major infrastructure projects in Smederevo.
