Deputy Prime Minister Zorana Mihailovic, the Ambassador of the European Union to Serbia Sem Fabrizi and the Head of European Investment Bank Regional Representation for the Western Balkans, Mrs Dubravka Negre went to see a new EU-funded project on the lower Danube in the Đerdap National Park. The river navigation lock Đerdap 1 which has served way over its projected time of 40 years is going to be modernised – using funds of the EU in both the form of grants worth 11.4 million Euros. An additional 17.1 million Euros are provided as a loan from the European Investment Bank under favourable credit conditions for the Serbian taxpayer. By implementing the necessary works, the overall technical life of the renovated navigational lock and its functional performances will be upgraded and assured for the following period of 20 years.
Modernisation of the Navigation Lock on Đerdap Financed by the EU and EIB
