Based on contributions from lead agencies, the Joint EC/World Bank Office for South East Europe has just issued a report on the status of implementation of Stability Pact Infrastructure Projects. The note reports that out of the 34 infrastructure projects and studies for which financing was sought--worth an estimated cost of Eur 1.2 bn--the financing plan is complete for all but one project, where there is a financing gap of euro 29 mn (3% of the total). Bidding for contracts has started for one-third of the projects while implementation is now underway on six of the projects. While completing the financing package was a critical step for the package as a whole, the Joint Office report says that the main challenge now is on project implementation, for which major efforts during the coming months by the beneficiary countries and lead agencies concerned are still required.

See Stability Pact Infrastructure Projects: Implementation Status as of October 2000 (pdf, 178 KB)