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SERBIA ROAD REHABILITATION AND SAFETY PROJECT

Abstract*

The development objective of the Road Rehabilitation and Safety Project for Serbia is to improve the condition and safety of the national road network for road users by supporting the Serbia in the implementation of the first phase of its national road network rehabilitation program. There are three components to the project: The first component is road rehabilitation and safety investments, this component will finance periodic maintenance and rehabilitation...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The proposed PDO is to improve the condition and safety of the National Road Network for road users by supporting the Republic of Serbia in the implementation of the first phase of its National Road Network Rehabilitation Program.

Key Details

Project Details

  • P127876

  • Closed

  • Murad Gurmeric , Svetlana Vukanovic

  • Republic of Serbia

  • Serbia

  • September 25, 2012

  • (as of board presentation)

    April 26, 2013

  • October 24, 2014

  • US$ 393.01 million

  • Public Enterprise Roads of Serbia

  • Europe and Central Asia

  • 2013

  • US$ 235.52 million

  • B

  • Not Applicable

  • December 31, 2020

  • Yes

  • BANK APPROVED

  • May 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
EC: European Investment Bank 135.52
Borrower/Recipient 157.48
International Bank for Reconstruction and Development 100.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 100.00
IDA Commitment N/A
IBRD + IDA Commitment 100.00
Lending Instrument
Grant Amount 135.52
Total Project Cost** 393.01

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2022 IBRD-82550 Int Charges 118,864.91
Jun 15, 2016 IBRD-82550 Int Charges 54,368.57
Jun 15, 2023 IBRD-82550 Int Charges 503,442.47
Jun 15, 2023 IBRD-82550 Loan Repay 3,289,118.20
Dec 15, 2023 IBRD-82550 Loan Repay 3,327,646.00
Dec 15, 2023 IBRD-82550 Int Charges 660,144.30
Jun 15, 2024 IBRD-82550 Int Charges 593,331.30
Jun 15, 2024 IBRD-82550 Loan Repay 3,245,433.20
Apr 26, 2013 IBRD-82550 Loan Commitment 100,000,000.00
Jun 15, 2021 IBRD-82550 Int Charges 7,804.43
Jun 15, 2021 IBRD-82550 Loan Repay 3,677,617.20
Sep 21, 2021 IBRD-82550 Loan Cancel 19,536.17
Jun 15, 2022 IBRD-82550 Loan Repay 3,180,057.50
Sep 21, 2021 IBRD-82550 Loan Disb -19,536.17
Dec 15, 2021 IBRD-82550 Int Charges 6,775.54
Dec 15, 2021 IBRD-82550 Loan Repay 3,418,960.00
Dec 15, 2019 IBRD-82550 Int Charges 78,178.63
Dec 15, 2019 IBRD-82550 Loan Repay 3,121,001.50
Jun 15, 2020 IBRD-82550 Int Charges 53,621.34
Jun 15, 2020 IBRD-82550 Loan Repay 3,140,970.50
Aug 17, 2020 IBRD-82550 Loan Disb 4,302,094.50
Dec 15, 2020 IBRD-82550 Int Charges 101,201.89
Dec 15, 2020 IBRD-82550 Loan Repay 3,690,364.00
Dec 15, 2018 IBRD-82550 Int Charges 38,536.51
Dec 15, 2018 IBRD-82550 Loan Repay 1,424,991.90
Dec 28, 2017 IBRD-82550 Loan Cancel 20,765,008.00
Feb 5, 2019 IBRD-82550 Loan Disb 31,433,110.00
Jun 15, 2019 IBRD-82550 Int Charges 74,824.81
Jun 15, 2019 IBRD-82550 Loan Repay 3,145,858.00
Dec 15, 2016 IBRD-82550 Int Charges 50,638.53
Jun 15, 2017 IBRD-82550 Int Charges 47,043.76
Dec 15, 2017 IBRD-82550 Int Charges 42,410.50
Jun 15, 2018 IBRD-82550 Int Charges 41,447.72
Jun 15, 2018 IBRD-82550 Loan Repay 1,464,008.50
Oct 24, 2014 IBRD-82550 Loan Disb 233,447.84
Oct 24, 2014 IBRD-82550 Fee Charges 233,447.84
Jun 15, 2015 IBRD-82550 Int Charges 263.08
Jun 15, 2015 IBRD-82550 Int Charges 28,959.50
Apr 9, 2015 IBRD-82550 Loan Disb 19,910,624.00
Dec 15, 2015 IBRD-82550 Int Charges 62,737.79
Jul 5, 2016 IBRD-82550 Loan Disb 7,327,719.50
Dec 15, 2022 IBRD-82550 Loan Repay 3,223,135.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2020-06-24
Procurement Moderately Satisfactory 2020-06-24
Financial Management Satisfactory 2020-06-24
Overall Implementation Progress (IP) Moderately Satisfactory 2020-06-24
Counterpart Funding Satisfactory 2020-06-24
Project Management Moderately Satisfactory 2020-06-24
Monitoring and Evaluation Satisfactory 2020-06-24

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 05-26-2021
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 06-29-2021PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualitySubstantialN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Reduction in road traffic accidents with fatalities on the improved roads in the first phase of NRNRPValue100.0078.0095.00
    DateApril 30, 2014December 30, 2020December 31, 2019
    Comment
  • Improvement in road conditions measured by a reduction in the average IRI for the roads in the first phase of NRNRPValue5.341.902.50
    DateOctober 30, 2014December 30, 2020December 31, 2019
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Roads in good and fair condition as a share of total classified roadsValue58.7963.7061.30
    DateOctober 30, 2014December 31, 2020December 31, 2020
    Comment
  • Road Condition Survey Completed on National RoadsValue0.0015076.009000.00
    DateOctober 30, 2014December 31, 2020December 31, 2019
    Comment
  • Safety Inspection of National Roads beyond the first phase of NRNRPValue0.001016.001000.00
    DateOctober 30, 2014June 15, 2020December 31, 2019
    Comment
  • Size of the total classified networkValue9000.0016900.0016900.00
    DateOctober 30, 2014August 25, 2017December 31, 2019
    Comment
  • Roads rehabilitated, Non-ruralValue0.00416.50389.80
    DateDecember 15, 2014December 30, 2020December 31, 2020
    Comment
  • PBMC Contracts in ImplementationValue0.003000.003000.00
    DateOctober 30, 2014June 15, 2020December 31, 2019
    Comment
  • Implementation of a circular for the preparation of rehabilitation program based socioeconomic & regional considerationsValueNone, except for on IFI funded projectsRoad Maintenance Circular (RMC) is prepared and re
    DateOctober 30, 2014June 15, 2020
    Comment