Serbia: Morava Corridor Motorway-03

Date Filed
15 Jul 2024
Status
Open
Phase
Assessment
Country
Serbia

Case Tracker

Eligibility
July 23, 2024-August 18, 2024
Eligibility
Assessment
Status as of August 19, 2024
Assessment
Dispute Resolution
Compliance
CURRENT Status
Assessment
Status as of August 19, 2024

Complaint Overview

Complainant

Community Member
 

Concerns

Environmental issues; Health and safety; Loss of value for land

Cross-Cutting Issues
Air Community Health and Safety IFC/MIGA Supervision Loss of Livelihoods

Project Information

Region
Europe
Institution
MIGA
Name & Number
MIGA Project Number #14629
Company
JPMorgan Chase Bank N.A. London Branch, CaixaBank, S.A., Banco Santander, S.A, UBS Switzerland AG, Credit Agricole Corporate and Investment Bank, and Raiffeisen Bank International AG
Sector
Infrastructure
Category
A
Commitment

MIGA guarantee for approximately EUR 1.4 billion 

Synopsis

Project Overview

The Morava Corridor Motorway Project consists of a greenfield 112 km dual-carriageway tolled motorway, within a 900 meter right of way, located approximately 200 km south of Belgrade, in a low-level flood plain running east/west along the West Morava River Valley. The Project includes (i) above-ground structures such as interchanges, bridges, culverts, and over/underpasses; (ii) a telecommunication network (digital corridor) supported by power lines and communication cables to connect the telecom stations within the motorway (at rest areas, parking lots, and near traffic loops) and to manage traffic through various traffic control, surveillance, and tolling systems; and (iii) river regulation works intended to protect the Project and its surrounding areas from flooding.

MIGA provided Non-Honoring of Sovereign Financial Obligation (NHSFO) guarantees to six international banks for their non-shareholder loans to the Government of Serbia to develop the Morava Corridor Motorway Project.

Complaint

In July 2024, CAO received a complaint filed by a landowner from Vrba, Serbia, raising concerns related to health and safety, environmental issues, violations of laws and standards in relation to the construction of the Morava Motorway, expropriation procedure and compensation offer.

Action

In August 2024, CAO found the complaint eligible and initiated an assessment. During the assessment, the complainant and the project implementer engaged directly, leading to the resolution of the complainant's request for full expropriation of their property.

As of September 2024, CAO continues its assessment process while the parties discuss the remaining issues raised in the complaint.

Status

The assessment process is ongoing. 

Status as of October 28, 2024. 

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