Creation date: October 24, 2017
Zorana Mihajlović, Deputy Prime Minister of Serbia and Dirk Beckers, Director of INEA signed today a grant agreement on maximum €11.4 million support from the Connecting Europe Facility (CEF) Transport programme to the Iron Gate lock upgrade on the Danube River in Serbia.
This first CEF-funded mono-beneficiary project signed with an EU neighbouring country aims to upgrade the lock and make it compliant with the standard EU requirements for inland waterway transport. It has been identified as a crucial priority for the extension of the EU's core transport network to the neighbouring countries, as well as for eliminating cross-border bottlenecks and fostering transport connections between Serbia and Romania.
In terms of impact the project is an important addition to INEA's rich project portfolio in the region. It will also bring a number of benefits to the EU: a harmonised legal approach which will create more investment possibilities for businesses, efficiency of transport systems and increased connectivity, economic growth, increased level of road safety as well as better transport services for citizens and visitors.
The project has been selected for funding under the 2016 CEF Transport call for proposals. The EU is committed to support it with 40% of the total project costs estimated to €28.5 million. The project is to be completed by the end of 2020.