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Serbia to Spend as Much as 12 Billion Euros on Infrastructure

Traffic passes the Serbian National Assembly building, Belgrade. 

Traffic passes the Serbian National Assembly building, Belgrade. 

Photographer: Oliver Bunic/AFP via Getty Images

Serbia will invest billions of euros in new homes, energy, transportation and digital infrastructure, President Aleksandar Vucic said on Sunday, as the government seeks to boost economic growth prospects.

“We are in position to easily ensure at least 10 or even 12 billion euros ($13.4 billion) of funding for new investments,” the president said at a news conference in the capital, Belgrade. “We are building more roads and railroads than in the times of Tito,” he added, in a reference to former Yugoslav leader Josip Broz Tito.