HIGHWAYS XI

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The Eleventh Highway Project focuses on eliminating bottlenecks, increasing capacity and improving traffic operations on the Trans-Yugoslav Highway (TYH)--Yugoslavia's main highway artery--and will comprise: the construction of six sections totalling 163.8 km, procurement of road maintenance and load monitoring equipment, technical assistance (related to the operation and maintenance of specialized equipment) and a highway safety program. The benefits of the project, including relief of mounting congestion and reduction of losses to the economy from the current high accident toll on life and property, will permeate the entire Yugoslav economy; institutional planning and coordination will be strengthened and Yugoslavia's access to international capital markets improved. No special risks are expected in the execution of the project.