EIB to Finance Preparation of Sustainable Urban Mobility Plan in Nis with EUR 500,000

The European Investment Bank (EIB) has signed a cooperation agreement with the City of Niš in Serbia to finance the preparation of a sustainable urban mobility plan, enabling the city to make informed investment decisions concerning its transport network, the bank announced.

– By taking into account existing travel patterns, development trends and the municipality’s strategic planning objectives, the sustainable urban mobility plan will help ensure that such investments are optimized to provide efficient, safe, convenient and less carbon-reliant mobility. In addition, the technical assistance will enable the City of Niš to explore opportunities created by the future removal of freight traffic from the existing inter-urban railway corridor crossing the city – the EIB says.

The technical assistance is provided under Team Europe and the joint Urban Projects Finance Initiative between the EIB and Agence Française de Développement (AFD), launched to support ambitious urban development projects.

– This technical assistance will provide a foundation for developing projects that will bring multiple benefits to people living and commuting to Niš, as well as economic benefits arising from better connections within the city and with surrounding municipalities. At the same time, it will help the city address urban development and climate-related challenges and thus improve environmental and living conditions – EIB Vice-President Lilyana Pavlova, responsible for the Bank’s activities in the Western Balkans, said.

– Niš, as a city, is expanding intensively and developing rapidly. The frequency of traffic has increased so the sustainable urban mobility plan will enable us to harmonize the traffic network with the new investment cycle and strategic directions of the City of Niš’s development – Mayor of Niš Dragana Sotirovski stated.

Evropska investiciona banka EIB

Grad Niš

European Investment Bank

EIB

City of Niš

Agence Française de Développement

AFD

Lilyana Pavlova

Dragana Sotirovski

sustainable urban mobility plan