Serbia: Morava Corridor Motorway-05

Date Filed
14 Feb 2025
Status
Open
Phase
Compliance
Country
Serbia

Case Tracker

Eligibility
Assessment
April 08, 2025-August 14, 2025
Assessment
Dispute Resolution
Compliance
Appraisal
Status as of August 15, 2025
CURRENT Status
Appraisal (COMPLIANCE)
Status as of August 15, 2025

Complaint Overview

Complainant

Community member

Concerns

Land acquisition, inadequate stakeholder consultations 

Cross-Cutting Issues
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 floodplain running east-west along the West Morava River Valley. The project includes (i) above-ground structures such as interchanges, bridges, culverts, and overpasses/underpasses; (ii) a telecommunication network supported by power lines and communication cables to connect the telecom stations within the motorway and 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 guarantees to six international banks for their non-shareholder loans to the Government of Serbia to develop the Morava Corridor Motorway Project. 

Complaint

In February 2025, CAO received a complaint from a community member of Krusevac, Serbia, raising environmental and social issues relating to the expropriation of their land and property for the construction of the Morava Motorway in Serbia.  

The complaint raised issues relating to the process of land expropriation, valuation, and compensation; stakeholder engagement; resettlement impacts; and the company’s grievance mechanism. 

Action

In April 2025, CAO found the complaint eligible and initiated an assessment. During the assessment, the parties did not reach an agreement to address the issues raised in the complaint through a CAO-facilitated dispute resolution process, therefore, in accordance with the CAO Policy, the case was transferred to CAO’s Compliance function for an appraisal of MIGA’s environmental and social performance

Status

The case is under compliance appraisal.  

Status as of August 22, 2025.  

Case Documents

  • Assessment

    Assessment Report
    Assessment Report
    Aug 01, 2025
    English
    Assessment Report
    Assessment Report
    Aug 01, 2025
    Serbian
    Assessment Report
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