North Continental South East Corridor

North Continental South East Corridor

Project Description

The North Continental South East Corridor is part of the electricity transmission route that links Serbia to Romania, Bosnia and Herzegovina, Croatia and Italy. The corridor will be integrated into the Trans-Balkan Electricity Corridor and, thus, will increase electricity transit from East (Romania, Bulgaria, Ukraine, Moldova) to West (Croatia, Bosnia and Herzegovina).

This investment project will upgrade the Belgrade West substation and install 119 km of overhead transmission lines to the Iron Gates at the border with Romania.  

The WBIF has prepared the pre-feasibility study for the corridor and finances the feasibility study and environmental and social impact assessment for investments.

Project Financing

WBIF Grant WB21-SRB-ENE-01 € 603,000
KFW Loan € 60,000,000
Planned WBIF INV Grant External Grant € 18,230,000
National Contribution Own Contribution € 6,910,000
WBIF Grant WB25-SRB-ENE-01 € 728,123
Total € 86,471,123
Total Grants € 1,331,123
Total Loans € 60,000,000

Partner Financial Organisations

Western Balkan Partners