Belgrade Public Transport and Traffic Infrastructure

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

Provision of a loan of EUR 57 million in November 2011 to the City of Belgrade ("Original Loan") extended by additional EUR 30 million in July 2013 ("First Loan Extension") to co-finance key investments needed to complete the City's transport and traffic management programme. The loan proceeds are used for three components:

(i) major renovation of the tram tracks in central Belgrade to allow for the new trams to operate on the tram lines;

(ii) the City's main roads renewal and extension to secure a better and safer traffic flow in the City of Belgrade;

(iii) procurement of 30 new trams to be operated on refurbished tram tracks.

The third component has been fully implemented. Segments of the first two components have been completed (Vojvode Stepe Street). Otheres are currently under implementation (Slavija Square, Bulevar Oslobodjenja, Ruzveltova Street, Mije Kovacevica Street) with the expected completion by the end of 2017.

As a new phase (beginning in late 2017), restructuring of the outstanding amount under the Original Loan and First Loan Extension by revision of key financing terms and provision of an additional EUR 15 million ("Second Loan Extension") for continuation of investments under the second component above. The loan proceeds will be used for reconstruction of the Kneza Milosa Street and construction of an underground garage under this major City boulevard.

Project ID 42809

Status Signed

Location

Serbia

Business Sector

Municipal Infrastructure

Notice Type

State

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Company Contact Information

City of Belgrade
www.beograd.rs

Project ID 42809

Status Signed

Location

Serbia

Business Sector

Municipal Infrastructure

Notice Type

State

Environmental Category

Approval Date

05 Jul 2017

Disclosure date

30 Jun 2011

Project description

(i) major renovation of the tram tracks in central Belgrade to allow for the new trams to operate on the tram lines;

(ii) the City's main roads renewal and extension to secure a better and safer traffic flow in the City of Belgrade;

(iii) procurement of 30 new trams to be operated on refurbished tram tracks.

Project objectives

Contribution to the completion of Belgrade's transport and traffice management programme

EBRD Finance Summary

EUR 73,914,520.00

EBRD has participated in the co-financing of the City's transport and traffic management strategy in the following amounts:

Original Loan in an amount of EUR 57 million signed in November 2011;
First Loan Extension in an amount of EUR 30 million signed in July 2013;
Second Loan Extension an amount of EUR 15 million, expected to be signed in July 2017.

In addition, EBRD will restructure its outstanding exposure under the Original Loan and the First Loan Extension in the total amount of EUR 64,452,065, expected to be signed alongside the Second Loan Extension in July 2017.

Total project cost

EUR 134,494,528.00

In addition to EBRD financing, the City of Belgrade will co-finance implementation of its transport and traffic management strategy from its own revenues.

Environmental & Social Summary

The Project has been categorised B. The public transport and traffic infrastructure project approved and signed in 2011 is expected to result in benefits for residents in Belgrade, principally reduced congestion, faster journey times, improved public transport and associated reductions in air pollution. The most significant impacts identified relate to potential disruption to residents and businesses during construction. Environmental impacts are limited and the main issue is the need to preserve the mature trees that line many of the roads. Health and safety during construction will be managed through appropriate contractor management procedures. Potentially negative environmental and social impacts will be mitigated though: Environmental and Social Action Plan (ESAP), a Stakeholder Engagement Plan (SEP), and a Livelihood Restoration Framework (LRF), which have been agreed with the Belgrade authorities. As part of EBRD's reporting requirements, the City has been providing environmental and social reports annually which indicate that the ESAP has been implemented as required.

For the First Loan Extension, the Bank has reviewed the detailed technical specification and maintenance schedule for the trams, and confirmed that these are of a modern design and will meet EU standards for safety, noise, maintenance and materials recycling.

The Second Loan Extension is expected to contribute further to the original project aims and benefits for residents in Belgrade. Additional environmental and social due diligence will be carried out for the reconstruction of the Kneza Milosa street and construction of an underground garage along the reconstructed area. The ESAP, SEP and LRF developed for the original loan in 2011 will be updated to include information on the Kneza Milosa Street component and any newly identified impacts, as well as required mitigation measures. In addition, on the basis of the LRF, a Livelihood Restoration Plan is being developed to address impacts on businesses operating along the street section which will be reconstructed from the loan extension.

Technical Cooperation and Grant Financing

Technical assistance as part of the Original Loan

Pre-signing

Environmental and Social due diligence on the proposed investments (EUR 19,705 i funded from the Bank's own resources).
Technical Due Diligence on Investment Programme and Analysis of PIU Functioning (GBP 54,620 i funded from the Bank's own resources).

Post-signing

PIU Project Management and Procurement Support (EUR 925,000, funded by the Western Balkan Investment Framework ("WBIF")).
Supervision of works (EUR 750,000, funded by the WBIF).
Update of the Belgrade SMART Plan (EUR 396,300, funded by the WBIF).

Technical assistance as part of the Second Loan Extension

Environmental, Social and Technical Due Diligence on the proposed new investment (EUR 45,000, funded from the Bank's own resources).
PIU Project Management and Procurement Support (EUR 500,000, proposed to be funded by the WBIF or an international donor).
Supervision of works (EUR 450,000, proposed to be funded by the WBIF or an international donor).

Company Contact Information

City of Belgrade
www.beograd.rs

Implementation summary

The Project contributed to the modernisation of key components of the City's public transport and urban road improvements, with the original loan of EUR 57 signed in 2011 million and its extensions of EUR 30 million signed in 2012 and EUR 10 million signed in 2017.

Three components were successfully completed to date: reconstruction of Vojvode Stepe Boulevard (completed in 2015); procurement of 30 new trams, co-financed with the City and EIB (completed in 2015); and reconstruction of Slavija Square, Boulevard Oslobodjenja, Rousevelt Street and Mije Kovacevica (completed in 2017). Construction of the tram track over the new Sava bridge and modernisation of the public transport shelters which were part of the original Project scope have been implemented from City's budget. The Project resulted in benefits for residents in Belgrade, primarily in reduced congestion, faster journey times, improved public transport and associated air quality.

As part of Technical Cooperation support related to the Project, the Bank assisted the City in development of a Strategic Environmental Assessment and update of the City Urban Transport Plan (SMART Plan). Furthermore, as a part of Transition impact, the project has contributed to Institutions, law, policies that promote commercialised approaches toward infrastructure management by supporting the City in preparation of the first PPP project in parking (awarded in 2019).

PSD last updated

12 Feb 2021

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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Belgrade Public Transport and Traffic Infrastructure

Overview

Project timeline

Company Contact Information

Project description

Project objectives

EBRD Finance Summary

Total project cost

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

Implementation summary

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)