Macedonia is expected to be granted Euro 450 million by the European Bank for Reconstruction and Development (EBRD) for a package of projects in connection to road infrastructure, railroad and energy. This was announced at meetings held between Vice PM and Finance Minister Zoran Stavreski and EBRD officials in Zagreb.
The Bank is interested in the project for revitalisation of railroad tracks from Corridor 10 and Corridor 8 as well as in the project for construction of a gas line system, MINA reports.
EBRD is expected to also confirm the Euro 500,000 grant for development of a feasibility study on a railroad track from Corridor 8 and by the end of June, the EBRD Board of Directors will reach a decision on a Euro 17,6 million loan for reconstruction of the railroad track alongside Corridor 10.
The meetings held at the sidelines of the EBRD annual assembly also focused on the ongoing project for revitalisation of regional and local roads in which EBRD have invested approximately Euro 50 million.
Moreover, EBRD showed interest to finance as well the project for construction of a gas line system. The final decision is expected to be reached by the Board of Directors by the end of the year after reviewing the feasibility study.
Concerning the energy sector, talks will be held on the "Boskov Most" project, worth Euro 80 million.
Later in the day, Vice PM Stavreski together with the director of the Agency for Foreign Investments, Vikotr Mizo will present the investments opportunities in Macedonia.
EBRD in Macedonia has invested more than Euro 510 million in over 40 projects from the financial and energy sector, infrastructure and corporate activities.
The Zagreb forum is attended by 2,000 top government officials, bankers and experts to debate how to enhance financial markets in order a sustainable economic growth to be reached and the recovery of economies following last year's financial crisis to be accelerated