Work on Nis-Merdare highway stretch to commence before end-2016

Serbian Prime Minister Aleksandar Vucic said today (August 27th) in Vienna that one of the most important projects for Serbia was the construction of Nis-Pristina-Drac highway, voicing his expectation that the work on Nis-Merosina-Prokuplje-Kursumlija-Merdare stretch 77 kilometers long could commence before the end of 2016.

As the Serbian government announced in a release, Vucic said that at a meeting with Suma Chakrabarti, the president of the European Bank for Reconstruction and Development (EBRD), with whom he spoke about the projects that Serbia was going to present at today's Western Balkans Summit.

Chakrabarti stressed that the EBRD would do everything to accelerate the implementation of that extremely significant project for the entire region.

The president of the EBRD pointed out that he personally often cited Serbia as an example of successful fiscal reforms. He used the opportunity to invite PM Vucic to attend the Investment Summit in London in February 2016, it is said in the release. The release also reads that Vucic asked the EBRD for advice and assistance in attracting foreign investments and support to the World Bank's projects related to the privatization of companies, especially those undergoing restructuring. He also asked the officials of this finance institution to share their experience in developing the entrepreneurial spirit, the lack of which he believes to be the biggest obstacle to quick economic recovery of Serbia.

Vlada Republike Srbije

EBRD Evropska banka za obnovu i razvoj Beograd

Nis Pristina Drac highway

Nis Merdare stretch

Aleksandar Vucic

European Bank for Reconstruction and Development

EBRD

Western Balkans Summit

Merdare

Suma Chakrabarti

Investment Summit in London