20th November 2024, Skopje – Government invests strong efforts in capital project implementation funds for which have been provided under the Budget and from international creditors, this being the basis of new development concept to be implemented in the next four years, as highlighted on the meeting of the Minister of Finance, Gordana Dimitrieska-Kochoska, with EBRD Director for the Western Balkans, Matteo Colangeli.
“The new Government’s concept on achieving an accelerated economic growth rests on investments. Therefore, under the next year’s Budget, capital expenditures are being projected at Denar 50.5 billion, being by 13% higher compared to this year’s. In addition to the foreseen budget funds, part of the projects are also being supported by international creditors, with the European Bank for Reconstruction and Development figuring as the major one. We are committed to speeding up the implementation of projects for which loan agreements have been signed, which already takes place on the field. Activities are being undertaken for implementing capital projects on balanced local development, with Denar 10 billion being allocated for this year, whereas EUR 250 million is being projected for the following one”, the Minister of Finance said.
EBRD extends EUR 1.3 billion as support intended for implementation of projects, in particular projects in the field of sustainable infrastructure, financial institutions, industry, trade and agriculture, among which are the following:
Bukojachani – Kichevo and Skopje – Blace Border Crossing motorway sections, Rail Joint Border Crossing – Tabanovce, other railway infrastructure projects, energy projects supporting green transition, and so forth.
At the meeting, support under the Growth Plan for the Western Balkans, aimed at implementing projects and budget support for reform implementation, was also discussed. The country will be made available EUR 750 million, 50% as concessional loans intended for direct budget support and 50% as grants and concessional loans intended for infrastructure investments through the Western Balkans Investment Framework – WBIF.
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