|
Title: |
Skopje bypass |
|
Objective: |
Improvement of a
critical section of corridor VIII around the north of Skopje,
capital of the country. |
|
Description: |
Construction of 2x2 lane motorway
section, 23 km long, between Saraj, at the junction of the
Skopje-Tetovo road, and Hipodrom, at the junction of the E65
and E75 roads. |
|
Preparation Status: |
Design available
for first 12 km from Hipodrom; new design required for other 11
km due to change in alignment. |
|
Economic/Financial Justification: |
Traffic level on
the relevant existing roads through Skopje are between 10 000
and 40 000 veh/day. The estimated economic rate of return of
the project is 11%. |
|
Cost: |
EUR 89 million |
|
Financing Plan: |
European Investment Bank loan
with EU interest subsidy (signed) EUR 45 million (part of
Roads II project)
Local Road fund EUR 4 million
To be identified EUR 40 million (of which EUR 25 million QS) |
|
Borrower/Final Beneficiary: |
Government of FYR of
Macedonia/Road Fund |
|
Major Sector/Project Issues: |
Final decision on alignment of
second subsection required (depending on outcome of
environmental assessment and opinion of Ministry of Urban
Planning and construction |
|
Responsible Staff: |
European Investment Bank
Luxembourg
Fund for National and Regional Roads
Skopje
(Vulnet Palloshi, Director)
Tel 00389 91 228 454 |
