NIP Minister: Infrastructure program starts in June

Belgrade, June, 04. 2010 (Serbia Today) - An infrastructure development program worth EUR 150mn will start in June, NIP Minister Verica Kalanovic has stated on Tuesday. The resources will be invested in the realization of projects in the area of traffic, education, health and institutions of culture and sports, while concrete projects will be presented during the month of June. Kalanovic told Belgrade daily Večernje Novosti that the program would provide works worth RSD 15 bn for towns and municipalities in the coming period, adding that “taking out loans to invest in infrastructure is always profitable”. The Ministry for the National Investment Plan (NIP) provided EUR 75mn from a European Investment Bank loan, while the rest will be provided by local self-governments and the state, she explained.