Serbia Awards RSD 1.49 Billion Road Rehabilitation Contract for Strategic IB-21 Corridor
26 May 2026
Serbia has awarded a major road infrastructure contract for the rehabilitation and upgrading of a key section of the State Road IB-21 corridor in western Serbia. The project, valued at RSD 1.49 billion, has been awarded by Putevi Srbije to EK-PET İnşaat Sanayi Taahhüt ve Ticaret Limited Şirketi.Signed on 8 April 2026, the contract covers the preparation of the main design and execution of heavy maintenance works along the Valjevo (Bypass) - Kaona - Kosjerić section of State Road IB-21. The investment is expected to improve road safety, traffic flow, and regional connectivity while supporting Serbia’s broader transport modernization objectives.Contract Details and ScopeThe awarded tender (Reference No. EIB-GtP/RRSP/RRW-IB21VK/2024-03, Notice Ref. 242696-2026, TOT Ref No. 25591774) has a total contract value of RSD 1,490,854,430.The project involves both engineering design services and construction works under an integrated design-build model.Project OverviewThe contract covers:Preparation of the main engineering designHeavy maintenance and rehabilitation worksUpgrading of State Road IB-21Reconstruction of pavement structuresRoad safety improvementsDrainage and roadside infrastructure enhancementsAssociated civil engineering worksThe rehabilitation will be carried out on the section between Valjevo Bypass, Kaona, and Kosjerić, extending from km 153+200 to km 173+200, with a total length of 20 kilometers.Entities InvolvedThe contracting authority, Putevi Srbije, is responsible for the management, maintenance, and development of Serbia’s national road network.The winning contractor, EK-PET İnşaat Sanayi Taahhüt ve Ticaret Limited Şirketi, is a Turkish engineering and construction company with experience in transportation and infrastructure projects across international markets.The procurement was conducted in accordance with the European Investment Bank (EIB) Guide to Procurement, reflecting international standards for transparency and competitiveness.Strategic Importance for SerbiaThe State Road IB-21 serves as an important regional transport corridor connecting communities, businesses, and economic centers in western Serbia.The project aims to:Improve road quality and driving conditionsEnhance traffic safety along the corridorReduce vehicle operating and maintenance costsImprove regional accessibility and connectivitySupport economic development and tradeExtend the operational lifespan of road infrastructureUpgrading strategic road corridors remains a key component of Serbia’s infrastructure development strategy and regional integration efforts.Economic and Transport ImpactThe RSD 1.49 billion investment is expected to generate both immediate and long-term benefits.Expected BenefitsCreation of construction and engineering jobsImproved transportation efficiencyEnhanced logistics and freight movementBetter access for local communities and businessesReduced travel times and congestionIncreased reliability of regional road infrastructureImproved road networks play a vital role in attracting investment and supporting economic growth throughout Serbia.Technical and Engineering SignificanceHeavy maintenance projects involve comprehensive rehabilitation rather than routine repairs. Typical activities may include:Pavement reconstruction and strengtheningGeotechnical improvementsDrainage system rehabilitationRoad marking and signage upgradesRoadside safety barrier installationStructural repairs where requiredThe integrated design-and-build approach enables closer coordination between engineering design and construction execution, helping improve efficiency and project delivery timelines.ConclusionThe award of the RSD 1.49 billion State Road IB-21 rehabilitation contract marks an important milestone in Serbia’s transport infrastructure modernization program. By upgrading the 20-kilometer Valjevo-Kaona-Kosjerić section, the project will enhance safety, improve mobility, and strengthen regional connectivity in western Serbia.As implementation moves forward, the investment is expected to deliver lasting benefits for road users, local communities, and the broader Serbian economy while supporting the country's long-term transportation development objectives.#Serbia tenders, #State Road IB-21 rehabilitation, #Contract award, #road construction Serbia, #highway rehabilitation project, #EK-PET İnşaat, #transport infrastructure Serbia, #Road contract, #government contracts Serbia, #Public procurement, #road maintenance project, #EIB funded infrastructure project, #civil engineering works Serbia, #awarded tenders Serbia, #Valjevo Kaona Kosjerić road project, #regional connectivity infrastructure, #Serbia transport development project
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Serbia Awards €300,000 Public Asset Valuation Contract Under Green Transition Reform Project
20 Feb 2026
Belgrade, Serbia - January 27, 2026 Serbia has announced a key contract award under the World Bank-backed Improving Public Financial Management for the Green Transition Project (P175655). The consultancy contract, financed through IBRD-94820, was awarded following a Quality and Cost-Based Selection (QCBS) procedure.The tender, referenced SER-IPFMGT-QCBS-CS-25-14, covers the valuation of public real properties owned by the Republic of Serbia, a foundational step in strengthening fiscal governance and green transition financing.Contract Value and Procurement OutcomeThe notification of award was issued on January 22, 2026, with a contract duration of 365 days.The signed contract price stands at €300,000, equivalent to a final evaluated amount of RSD 35,255,790.The winning consortium includes :-DELOITTE ADVISORY D.O.O, SerbiaDIL INŽENJERING I KONSALTING D.O.O, SerbiaThe firms secured first rank with a combined score of 97.21, significantly exceeding the minimum qualifying score of 80. Their evaluation breakdown reflects strong technical and financial performance :-Technical Score - 96.51Consultant Experience - 9.80Methodology - 47.93Key Personnel - 38.78Financial Score - 100Strategic Significance for SerbiaThis government contract forms part of Serbia’s broader public sector reform agenda aimed at modernizing public financial management (PFM). Accurate valuation of state-owned real estate assets will improve :-Asset transparency and reportingBudget planning and fiscal sustainabilityPublic investment prioritizationAlignment of state assets with climate and environmental objectivesAs Serbia advances its green transition strategy, better asset management is expected to unlock opportunities for sustainable financing and EU-aligned fiscal reforms.Industry and Institutional ContextThe QCBS procurement method highlights the emphasis on technical quality alongside cost competitiveness in international development projects. With advisory expertise and engineering valuation capabilities, the selected firms are positioned to deliver comprehensive asset assessment services.The contract award represents a notable development in Serbia procurement news, reinforcing investor confidence in transparent tender results and awarded tenders within the country’s public finance and governance sector.ConclusionWith this €300,000 consultancy agreement, Serbia takes a concrete step toward integrating environmental priorities into fiscal management. Over the coming year, the valuation exercise is expected to provide a data-driven foundation for more efficient public asset utilization and sustainable economic planning.#SerbiaContracts #Belgrade #PublicFinancialManagement #GreenTransition #WorldBankProject #IBRD94820 #GovernmentContracts #ContractAward #ProcurementNews #AssetValuation #PublicSectorReform #SustainableFinance #AwardedTenders
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Strabag Wins RSD 825 Million Road Upgrading Contract in Serbia
23 Oct 2025
The Public Enterprise "Roads of Serbia" has awarded Strabag doo Beograd a contract worth RSD 825,127,946 for the heavy maintenance and upgrading of the State Road IB 14 between APV Border (Kovin) and Ralja, covering a stretch of 13.742 kilometres, which is a major boost to Serbia's infrastructure modernisation programme.Four bidders participated in the open tender process, and Strabag's offer was the most affordable and technically sound. The project is expected to be finished in a year. The contract was formally signed on September 22, 2025.Complete Plan for Road RehabilitationA significant portion of Serbia's national road network will be extensively upgraded and rehabilitated as part of the awarded project. The scope consists of: Deteriorated road components are removed and replaced, strengthening of the pavement layers and substructure, building and enhancing drainage systems, Rehabilitation of bridges, culverts, and roadside safety features, Installation of road signalization and electrical networks, and Coordination with telecommunication and utility networks for safe relocation. The works will be executed under live traffic conditions, emphasising traffic safety and minimal disruption throughout the construction period.Strategic and Economic Importance Strategic and Economic ImportanceThe project is overseen by Public Enterprise "Roads of Serbia", a state-owned organisation in charge of developing and maintaining the country's road network. Following EIB (European Investment Bank) procurement guidelines throughout the contracting process guaranteed transparency and competitiveness.The successful bidder, Strabag doo Beograd, is a well-known Serbian division of STRABAG SE, an international construction firm with its main office in Austria. Strabag is renowned for its expertise in transportation infrastructure, civil engineering, and public works. In Serbia and the wider Balkan region, it has contributed significantly to several major highway and urban road projects.Strategic and Economic Importance Considering the FutureIn order to improve road safety, shorten travel times, and promote regional economic connectivity between Kovin, Ralja, and the larger Belgrade region, State Road IB 14 rehabilitation is essential.Industry observers claim that this investment is in line with Serbia's national objectives to update its transport corridors, increase the effectiveness of logistics, and draw in more foreign capital for the road infrastructure sector.According to a senior Roads of Serbia official, “This project represents a key milestone in our ongoing efforts to deliver safer, faster, and more reliable road infrastructure, connecting key industrial and agricultural hubs.”Considering the Future
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