ROADS IV

closed

The proposed project would assist in financing six sections of four major highways. The six project sections are located in three Republics: Bosnia-Hercegovina, Montenegro, and Serbia, and in the two Socialist Autonomous Provinces of Kosovo and Vojvodina. The section in Bosnia-Hercegovina, Sarajevo-Zonica, would be the first stage of a planned four-lane expressway linking the Central and Adriatic Highways, both of which were improved with a Bank financed loan (344-YU of 1963). The section in Montenegro, Bar-Ulcinj, would be an extension of the Adriatic Highway. It would replace an inadequate road and help the development of an attractive tourist area. The Belgrade-Novi Sad section, located mainly in the Autonomous Province of Vojvodina and partly in Serbia, would be part of the international highway, London-Istanbul (E-5). The three remaining project sections, located partly in the Autonomous Province of Kosovo and partly in the Republic of Serbia, would complete the upgrading of the Pec-Pristina-Nis road to higher standards. In total, the project works comprise the construction of 218 km of new or improved two-lane roads with paved surfaces. The proposed investments in the individual road sections would yield rates of return ranging from 14 to 29 percent.