Serbia: Morava Corridor Motorway-05

Date Filed
14 Feb 2025
Status
Open
Phase
Assessment
Country
Serbia

Case Tracker

Eligibility
February 14, 2025-April 07, 2025
Eligibility
Assessment
Status as of April 08, 2025
Assessment
Dispute Resolution
Compliance
CURRENT Status
Assessment
Status as of April 08, 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-lying 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 telecommunications network supported by power lines and communication cables to connect the telecom stations along 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 in Krusevac, Serbia, raising environmental and social concerns related to the expropriation of their property for the construction of the Morava Motorway in Serbia. The complaint raised issues regarding stakeholder engagement, information sharing and transparency in the land acquisition process, as well as the method used for calculating and valuing the land.

Action

In April 2025, CAO found the complaint eligible and initiated an assessment.

Status

The case is currently in assessment. 

Status as June 04, 2025. 

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