North Macedonia motorway improvements get green light with EBRD €13m loan

North Macedonia motorway improvements get green light with EBRD €13m loan

North Macedonia motorway improvements get green light with EBRD €13m loan

The citizens of North Macedonia will benefit from a more efficient and greener highway network thanks to a €13 million European Bank for Reconstruction and Development (EBRD) loan to finance further improvements to the existing tolling system as well as new electronic toll stations.

The upgrades will increase revenue, allowing North Macedonia’s motorway system to be funded more sustainably.

The loan will finance upgrades of five toll stations along the country’s Corridor VIII as well as the building of three new stations, all connected to a toll collection centre in the capital, Skopje.

Among other improvements, solar panels will be installed on all 15 toll stations nationwide to promote greater use of renewable energy. These panels will generate nearly half the electricity needed to run the stations.

The EBRD previously financed the construction and upgrade of eight toll stations along Corridor X, including installation of electronic toll collection equipment.

The EBRD loan is to North Macedonia’s Public Enterprise for State Roads, PESR. North Macedonia plans to unify its two different toll systems into a single fully interoperable one.

EBRD loans €13m to finance North Macedonia motorway improvements

The EBRD has invested nearly €1.9 billion in 117 projects in North Macedonia to date.

Post source : European Bank for Reconstruction and Development

About The Author

Anthony has worked in the construction industry for many years and looks forward to bringing you news and stories on the highways industry from all over the world.

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