Serbia Gets €274M Financing For Road Rehab

Law360, New York (November 27, 2013, 4:25 PM EST) -- The European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank have signed three loan agreements with the Serbian Ministry of Finance for a combined  €273.8 million ($371.4 million) to aid the government's program to rehabilitate roads, the banks said Wednesday.

The project will involve the reconstruction of about 1,100 kilometers (684 miles) of major roads throughout Serbia over the next five years, the banks said in a statement Wednesday. It will also ensure the safety of the newly rehabilitated roads, they...
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