|
Title: |
Demir
Kapija-Gevgelija (Greek border) |
|
Objective: |
Improvement of a
critical section of the corridor X North-South route near the
border with Greece, which is a main link between the region
and the European Union. |
|
Description: |
Construction of 1x2 lane
semimotorway sections with extensive use of the existing
alignment:
(i) between Demir Kapija and Udovo, 20 km
(ii) between Smokvica and Gevgelija, 12 km |
|
Preparation Status: |
Detailed design
under preparation (financed separately by EC) |
|
Economic/Financial Justification: |
Existing traffic
level is low, at some 3500 veh/day AADT, but expected to grow
substantially once the functions of the main north-south axis
are restored. The estimated economic rate of return of the
project is 8%. |
|
Cost: |
EUR 32 million |
|
Financing Plan: |
European
Investment Bank loan with EU interest subsidy (signed) EUR 15
million (part of Roads II project)
Local Road fund EUR 2 million
To be identified EUR 15 million |
|
Borrower/Final Beneficiary: |
Government of FYR of
Macedonia/Road Fund |
|
Major Sector/Project Issues: |
Availability of initially foreseen
local funds |
|
Responsible Staff: |
European Investment Bank
Luxembourg
Fund for National and Regional Roads
Skopje
(Vulnet Palloshi, Director)
Tel 00389 91 228 454 |
