Serbia: Morava Corridor Motorway-06

Date Filed
24 Mar 2026
Status
Open
Phase
Assessment
Country
Serbia

Case Tracker

Eligibility
April 06, 2026-May 27, 2026
Eligibility
Assessment
Status as of May 27, 2026
Assessment
Dispute Resolution
Compliance
CURRENT Status
Assessment
Status as of May 27, 2026

Complaint Overview

Complainant

Land owner

Concerns

Land valuation, compensation and land acquisition 

Cross-Cutting Issues
IFC/MIGA Supervision Loss of Livelihoods

Project Information

Region
Europe
Institution
MIGA
Name & Number
MIGA Project #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 Guarantees of approx. 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 March 2026, CAO received a complaint from a landowner in Vrnjačka Banja whose property was expropriated for the project. The complaint raises issues regarding the valuation methodology used for her land, alleging that it does not comply with MIGA's environmental and social standards. Specifically, she claims that the compensation offered is not based on a compliant replacement cost calculation.

Action

In May 2026, CAO found the complaint eligible and initiated an assessment. 

Status

The case is under assessment. 
Status as of July 30, 2026. 

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