Rehabilitation of the Gazela Bridge, which is the main bridge into the city of Belgrade, Serbia, should commence early next year. The €290m investment will also pay for the construction of the remaining sections of the Belgrade bypass, which is required to alleviate traffic congestion in the city, and to rehabilitate the approach roads to the bridge.

Pending final a final review in December 2006, Serbian Roads, a separate company responsible for the construction, maintenance and management of roads in the Republic of Serbia, will contribute €112m, the European Bank of Redevelopment (EBRD) will loan €80m, as will the European Investment Bank (EIB). Technical co-operation funds and financing from the City of Belgrade will provide the balance.