MONITORING REPORT May 2021 MONITORING REPORT

Abbreviations and acronyms

AFD Agence Française de Développement KfW kfW Development Bank bn Billion MD Main Design CBA Cost-Benefit Analysis m Million CD Concept Design PD Preliminary Design CEB Council of Europe Development Bank PFG Project Financiers’ Group CF Co-financing / Investment Grant PFS Pre-feasibility Study DD Detailed Design PIU Support to Project Implementation Unit EWBJF European Western Balkans Joint Fund PSD Public Sector Development EBRD European Bank for Reconstruction and RBMP River Basin Management Plan Development REEP/REEP Plus Regional Energy Efficiency Programme for EBRD SSF EBRD Shareholder Special Fund the Western Balkans EFA Economic and Financial Appraisal SC Steering Committee EIA Environmental Impact Assessment SD Sector Development EIB European Investment Bank SDP Sector Development Project EFSE European Fund for Southeast Europe SIA Social Impact Assessment ESIA Environmental and Social Impact SOC Social Sector Assessment SOW Supervision of Works ENE Energy Sector TA Technical Assistance ENV Environment Sector TMA Technical and Management Assistance EU European Union ToR Terms of Reference EWBJF European Western Balkans Joint Fund TRA Transport Sector FAA Financial Affordability Analysis WB EDIF Western Balkans Enterprise and Innovation FS Feasibility Study Facility GGF Green for Growth Fund WBG World Bank Group ID Identification WBIF Western Balkans Investment Framework IFI International Financial Institution WWTP Wastewater Treatment Plant IPA Instrument for Pre-Accession Assistance IPF Infrastructure Project Facility IRS Interest Rate Subsidies

This publication has been produced with the assistance of the European Union. The contents of this publication are the sole responsibility of the Western Balkans Investment Framework and can in no way be taken to reflect the views of the European Union.

2 Contents

Executive summary ...... 4 Introduction ...... 5 Overview of the portfolio ...... 6 Status of the Joint Grant Facility ...... 17 Status of the Joint Lending Facility ...... 28 Analysis of the project portfolio ...... 31

Annexe: 2008-2020 WBIF grants by beneficiary ...... 34

Subotica Wastewater Treatment Plant in

WBIF Secretariat DG NEAR, Unit D5 © Western Balkans Investment Framework, 2021 Reproduction is authorised provided that the source is acknowledged. EUROPEAN COMMISSION www.wbif.eu [email protected] 3 MONITORING REPORT

Executive summary

This report examines the composition of the portfolio, the progress achieved with the implementation of the grants awarded under the JGF and towards financing and realising supported projects. Over a period of 12 years WBIF has reached €1.4bn in grants, contributing to €22.4bn estimated investments in the Western Balkans. Net of cancellations, WBIF approved a total of is 361 grants for 210 projects. The grants maintain a reasonably balanced distribution per beneficiary, with (€312.4m) and Serbia (€225.6m) at the top of the ranking, followed by (€194.9m), Kosovo* (194.3m), Albania (€188.3m) and North Macedonia (185.2m). By sector, transport is the dominating sector with €962.9m in grants, followed by energy with €246.9m and enviroment with €149.7m. Social infrastructure and private sector development are lagging behind with €52m and €8.5m respectively. Digital infrastructure is an eligible sector since December 2017 and received €8.5m for technical assistance. Most of the funding has been allocated for technical assistance (TA) and investment grants for infrastructure projects, with €311.5 (22% of total) and €1,007m (71% of total) respectively. Two investment facilities, the Western Balkans Enterprise and Innovation Facility (WB EDIF) and the Regional Energy Efficiency Programme (REEP and REEP Plus), have been put in place as well and benefited from €90.1 million in grants. The WBIF has also funded sector development studies and interest rate subsidies. The blending principle underpinning the success of WBIF has generated an increase in signed loans from lead IFIs, which reached a cumulative total of €6.5bn for €12.8bn investments at the end of 2020. The average financial leverage effect is 5x and varies from 3 to 24 times the grant component, depending on sector, beneficiary and project specifics. To date, 187 grants (48%) totalling €238m have been completed, 172 grants (44%) of €1,188m are ongoing, 2 grants (1%) of €2.1m are on hold pending decisions on their implementation, and 28 grants (7%) worth €25.4m have been cancelled. Of the 210 projects supported, 41 projects (20%) have been completed: 21 infrastructure projects for €913m investments and 20 studies worth over €14m. A further 62 projects (30%) for €9.5bn estimated investments are under implementation or tendering for works, and 107 projects (51%) for €12bn estimated investments are at various stages of preparation.

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*This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence.

4 Introduction

The Western Balkans Investment Framework (WBIF) is a regional blending platform supporting EU enlargement and socio- economic development in the Western Balkans through provision of financing for strategic investments. Established in 2009, it involves the European Commission (EC), 6 financial institutions (CEB, EBRD, EIB, KfW, WBG and AFD) and 20 bilateral donors. WBIF has become a major source of funding for infrastructure projects and development in the region and is the main vehicle for deployment of the investment package made available by the EC under the Economic and Investment Plan for the Western Balkans in October 2020. WBIF is a process of multilateral coordination that selects, prepares, implements and monitors a portfolio of priority projects. It provides funding by blending internationally funded grants with loans and domestic finance through the Joint Grant Facility (JGF) and the Joint Lending Facility (JLF). The JGF gathers grant resources and blends them with loans and other sources of financing from participating financial institutions. The JGF resources originate from the (i) European Western Balkans Joint Fund (EWBJF), which pools contributions from the EU's IPA programme, bilateral donors and EIB; (ii) IPA grant funding allocated by the EC for IPF technical assistance and 2008 IPF Municipal Window; and (iii) grant funding allocated by IFIs outside the EWBJF. The JLF is a source of loans and complements the JGF as the second pillar of the blended financing package offered by WBIF. The WBIF grants finance technical assistance and co-finance infrastructure projects. They are provided for specific projects where an IFI intends to co-finance the investment with a loan, with the exception of regional studies and investment facilities where other forms of financing are also available. Currently, six beneficiaries are eligible for WBIF support: Albania, Bosnia and Herzegovina, North Macedonia, Kosovo, Montenegro and Serbia. This latest monitoring report examines the composition of the portfolio, the progress achieved with the implementation of the grants awarded under the JGF and that towards financing and realising supported projects. The purpose of the report is to provide an overview of the WBIF portfolio to the members of the Project Financiers’ Group and to the Steering Committee. It looks yearly at what has happened in the implementation of the portfolio, but unlike an evaluation, it does not examine why something has occurred and does not issue recommendations. The strucuture of the report includes • an overview of the composition of the portfolio; • a review of the status and the use of the grants awarded under the JGF; • a review of the progress towards financing and implementation of projects under the JLF; • leverage, achieved and expected results of supported projects. The report reviews the status of the portfolio using information and data availbale in the WBIF MIS on 27 May 2021. All grant amounts include implementation fees.

5 MONITORING REPORT

Overview of the portfolio

The WBIF portfolio has developed through 30 rounds of grants awarded to finance project preparation, investment grants and incentives to financial intermediaries over 12 years. The WBIF portfolio consists of 361 grants of €1,428m which support 210 projects with a total estimated value of €22.4bn. The total number of grants approved is 389, but considering that 28 grants (7%) were cancelled after approval, the actual total is 361. The WBIF grants fund projects in six eligible sectors: digital infrastructure, energy, environment, social, transport and private sector development. Currently, six beneficiaries are eligible for WBIF support: Albania, Bosnia and Herzegovina, North Macedonia, Kosovo, Montenegro and Serbia. was eligible for WBIF grants until 1 July 2013. The ratio of grants to projects is 1:1.7 due to the fact that several grants have been made towards the preparation and implementation of the same project in several cases. In terms of progress, 187 grants (48%) for €238 million have been completed to date. A further 172 grants (44%) for €1.2bn million are active and 2 grants (1%) for €2.1m are on hold pending decisions on their implementation.

Distribution by year of approval The WBIF approved 30 rounds of grants thus far. Two rounds a year, mainly technical assistance (TA), were approved in 2008- 2014 and two rounds of TA and one round of investment grants (INV) a year in 2015-2020. The value of grants approved in each round varied substantially, from €9.1m to €74.2m in 2008-2014 and from €5.1m to €218.6m in 2015-2020. The number and volume of grants have increased at a relatively constant pace since 2009, with a sharp increase after 2015 following the launch of the Connectivity Agenda by the EC and the co-financing of environment and social projects by bilateral donors. On average, WBIF approved 28 grants for €110m each year: 43 grants for €37m per year in 2008-2014 and 47 grants for €195m per year in 2015-2020.

Figure 1.1 | Number of WBIF grants approved per year

50 47

45 5 43 43 1 40 7 37 3 12 35 1 33 1 31 1 4 2 14 29 30 4 27 14 25 4 2 2 24 25 1 9 5 3 18 5 8 1 No. of grants 20 1 16 1 2 16 3 15 30 2 29 1 26 23 25 10 20 18 18 17 16 17 17 13 5 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year of approval

TA Investment grants Sector studies Investment facilities Interest rate subsidies Cancelled

6 Figure 1.2 | Value of WBIF grants approved per year

300

250

200 €m) 150 278.4

Grant ( 249.6 100 181.5 173.4 162.3 124.6 50 96.8 53.1 40 19.8 24.5 25.4 0 11.2 13.3 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cancelled Year of approval

Figure 1.3 | Value of WBIF grants by type per year

300

250

200

€m) 237.9 150 194.4

Grant ( 110.4 100 146.9 138.6 98.5 71.7 0.4 50 2.2 29.4 23.3 30 8 3.3 1.8 41.7 40.5 4 25.1 26.9 19.9 24.5 23.5 24.3 25.2 23.7 21.4 0 11.2 10.1 14.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cancelled Year of approval

TA Sector studies Interest rate subsidies Investment facilities Investment grants

The following table summarises the implementation progress of WBIF grants approved in 2008-2020. To date, 48% of the grants have been completed, 44% are ongoing and 7% have been cancelled.

Table 1.1 | Status of WBIF grant by year of approval Grant status 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Total % of total approved Approved 18 47 16 43 31 25 16 27 24 33 37 43 29 389 100% Active 0 0 0 2 4 3 4 14 14 27 34 41 29 172 44% On hold 0 0 0 0 0 0 0 0 1 1 0 0 0 2 1% Completed 18 42 14 34 23 17 12 13 6 4 4 1 0 187 48% Cancelled 0 5 2 7 4 5 0 0 3 1 0 1 0 28 7%

Distribution by grant type The WBIF resources have been allocated for 269 grants for TA for project preparation and implementation and 69 grants for investment co-financing. Investment facilities (WB EDIF and REEP/REEP Plus) have benefited from 9 grants . Sector development studies and interest rate subsidies (IRS) have been supported by 10 and 4 grants respectively.

7 MONITORING REPORT

The average amount approved for TA is €1.2m per grant, while that for investment grants is €14.6m per grant. Two investment grants for €4m and 26 TA grants €21.4m have been cancelled to date, which led to the cancellation of 24 projects. Beneficiaries' change in priorities, financing of projects outside WBIF, failure to secure loans after completion of TA grants have led to the cancellation of other 9 projects.

Table 1.2 | Distribution of grants by type Type of grant No. of grants Grant (€m) % of total No. Grant Technical assistance 269 311.5 75% 22% Investment grants 69 1,007 19% 71% Investment facilities 9 90.1 2% 6% Sector studies 10 9.3 3% 1% Interest rate subsidies 4 10.8 1% 1% Total net of cancellations 361 1,428 100% 100%

Figure 1.4 | WBIF supported projects net of cancellations Number of projects Estimated project value (€bn)

0.03 10 4 0.9 4 0.2

6.7 49 143 14.6

Table 1.3 | Distribution of grants by type and sector

Type of grant Energy Environment Social Transport Digital Private sector Total infrastructure development €m No. €m No. €m No. €m No. €m No. €m No. €m No. IPF TA 38.4 44 42.1 49 23.8 32 110.4 67 4.6 9 - - 219.3 201 EWBJF/IFI TA 11.3 14 20.8 20 12.5 9 43.7 21 3.9 4 - - 92.2 68 Sector studies 2.9 3 1.9 2 0.9 2 0.6 1 - - 3.0 2 9.3 10 Investment grants 107.2 8 82.3 22 9.1 4 962.9 35 - - - - 1,007 69 Interest rate subsidies 2.5 1 2.5 1 5.8 2 ------10.8 4 WB EDIF ------5.5 2 5.5 2 REEP, REEP Plus 84.6 7 ------84.6 7 Total excl. cancellations 246.9 77 149.7 94 52.0 49 962.9 124 8.5 13 8.5 4 1,428 361 Cancelled 10.8 10 3.8 6 7.3 6 3.5 6 - - - - 25.4 28

Distribution by sector In terms of number of grants, the sector distribution appears to be allocated reasonably evenly, with the transport sector leading with a 34% share. Second in terms of number of grant are the environment (26%) and energy (21%) sectors, followed by social (14%), digital infrastructure (4%) and private sector development (1%). By value, connectivity (transport and energy) projects absorb the largest share of grants (85%). Environmental and social infrastructures benefit from 14% of the total grant resources, followed by private sector development (1%) and digital infrastructure (1%).

8 Figure 1.5 | Development of WBIF portfolio by sector

45 42 42

40 36 37 6 9 1 35 1 32 7 29 30 7 27 27 11 28 1 1 6 25 15 21 1 6 10 5 20 21 18 20 1 16 14 6 5 13 9 No. of grants 14 5 15 5 22 2 7 5 14 2 4 6 4 4 6 10 4 2 10 2 5 2 9 2 4 5 11 1 11 7 5 10 4 8 3 10 4 4 6 6 5 4 0 2 3 3 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cancelled

Year of approval

Energy Environment Social Transport Private sector development Digital infrastructure

Table 1.4 | Distribution of grants by sector Sector No. of grants Grant (€m) % of total No. Grant Digital infrastructure 13 8.5 4% 1% Energy 77 246.9 21% 17% Environment 94 149.7 26% 10% Social 49 52.0 14% 4% Transport 124 962.9 34% 67% Private sector development 4 8.5 1% 1% Total net of cancellations 361 1,428 100% 100%

Figure 1.6 | Projects supported by sector net of cancellations Number of projects Estimated project value (€bn)

11 3 0.5 2.8 0.3 57 59 3.4 10.4

52 28 5.0

With 124 grants of €962.9m that support 57 projects with an estimated value of €10.4bn, transport is the most active sector. The grants finance TA for project preparation and implementation and co-finance infrastructure projects on the Core Network. Road and railway projects are the main beneficiaries of grants. Table 1.5 | Grants for transport projects by subsector Subsector No. of grants Grant (€m) Type of grant (€m) % of total TA, studies INV No. Grant Roads 61 522.9 82.8 440.1 49% 54% Railways 53 389.6 66.5 323.1 43% 40% Maritime and inland ports, waterways 5 40.8 1.9 38.9 4% 4% Urban transport 2 8.4 2.4 6.0 2% 1% Regional sector studies 3 1.2 1.2 - 2% 0.1% Total net of cancellations 124 962.9 154.8 808.1 100% 100%

9 MONITORING REPORT

Energy is WBIF’s second most active sector and has benefited from 77 grants of €246.9m for 52 projects with an estimated value of €2bn. The focus is on connectivity (electricity and gas transmission), energy efficiency and renewables. REEP and REEP Plus have the largest share of grants for energy efficiency.

Table 1.6 | Grants for energy projects by subsector Subsector No. of grants Grant (€m) Type of grant (€m) % of total TA INV IRS Sector Investment No. Grant studies facilities Energy efficiency 14 91.2 4.1 - 2.5 - 84.6 18% 37% Electricity transmission 25 88.0 15.1 71.9 - 1.0 - 32% 36% Gas trasmission 16 28.9 15.2 12.7 - 1.0 - 21% 12% District heating 8 19.6 5.6 14.0 - - - 10% 8% Renewable energy 14 19.2 9.7 8.6 - 0.9 - 18% 8% Total net of cancellations 77 246.9 49.7 107.2 2.5 2.9 84.6 100% 100%

Environment has benefited from 94 grants of €149.7m for 59 projects with an estimated value of €2.8bn. Priority areas are water and wastewater, flood protection, solid waste, water resources conservation and river basin management in densely populated, industrialised, and environmentally sensitive areas. Table 1.7 | Grants for environmental projects by subsector Subsector No. of grants Type of grant (€m) % of total TA INV IRS Sector No. Grant studies Water and wastewater 67 120.7 35.9 82.3 2.5 - 71% 81% Flood protection 14 19.9 19.9 - - - 15% 13% Waste management 8 4.1 4.1 - - - 9% 3% Water resources conservation 3 2.8 2.0 - - 0.8 3% 2% River basin management 2 2.2 1.0 - - 1.2 2% 1% Total net of cancellations 94 149.7 62.9 82.3 2.5 2.0 100% 100%

Social sector has received 47 grants of €52m for 28 projects with an estimated value of €3.4bn. The activities are focused on buildings with a social purpose in the education, judiciary, healthcare and social housing as well as on projects addressing sector specific reforms and/or finance. Individual grants in the social sector tend, by nature, to be of smaller volumes.

Table 1.8 | Grants for social projects by subsector Subsector No. of grants Grant (€m) Type of grant (€m) % of total TA INV IRS Sector No. Grant studies Education 19 19.2 12.2 6.1 - 0.9 39% 37% Justice 15 13.8 10.6 - 3.2 - 31% 27% Healthcare 7 12.1 9.1 3.0 - - 14% 23% Social housing 5 3.0 3.0 - - - 10% 6% Culture & sports 1 2.5 - - 2.5 - 2% 5% Municipal/rural infrastructure 2 1.4 1.4 - - - 4% 3% Total net of cancellations 49 52.0 36.3 9.1 5.7 0.9 100% 100%

Digital infrastructure was introduced as an eligible sector in December 2017. The sector benefits from 13 TA grants of €8.5m for preparation of 11 projects with an estimated total value of €506m. The focus is on deploying ultra-fast and secure broadband with a view to ensuring universal access and connecting 'white zones', data centres, edge and cloud infrastructures, linking to EU initiatives on high performance computers, infrastructure sharing with other connectivity areas, such as transport and energy.

10 Table 1.9 | Value of grants for digital infrastructure projects Subsector No. of grants Grant (€m) Type of grant (€m) % of total TA No. Grant Broadband connectivity 12 8.1 8.1 92% 95% High performance computing 1 0.4 0.4 8% 5% Total 13 8.5 8.5 100% 100%

Private sector development is an eligible sector since 2011. Only 4 grants worth €8.5million have been allocated to this sector. The focus is on improving access to financing and business support for SMEs through WB EDIF, as well as on increasing the capacity for identification and implementation of public-partnership projects in the region.

Table 1.10 | Value of grants for private sector development Subsector No. of grants Grant (€m) Type of grant (€m) % of total TA, studies No. Grant WB EDIF 2 5.5 5.5 50% 65% Puplic-private partnerships 2 3.0 3.0 50% 35% Total 4 8.5 8.5 100% 100%

Distribution by beneficiary The distribution of grants per beneficiary remains reasonably balanced, with Bosnia and Herzegovina as a top tier in terms of grant volumes, followed by Serbia, North Macedonia and Montenegro. Kosovo and Albania have slightly smaller shares. Regional projects also have a considerable allocation, which is largely due to the funding for REEP/REEP Plus programme. Croatia was a WBIF beneficiary until July 2013 and received grants for projects in the energy and social sectors.

Table 1.11 | Grants approved per beneficiary Beneficiary No. of grants Grant (€m) % of total No. Grant Albania 53 188.3 15% 13% Bosnia and Herzegovina 67 312.4 19% 22% Kosovo 46 194.3 13% 14% Montenegro 49 194.9 14% 14% North Macedonia 38 185.2 11% 13% Serbia 65 225.6 18% 16% Regional grants 36 120.2 10% 8% Croatia 7 7.6 2% 1% Total net of cancellations 361 1,428 100% 100%

Table 1.12 | Types of grant approved per beneficiary (€m) Beneficiary Technical Investment Investment Sector studies Interest rate Total net of assistance grants facilities subslidies cancellations Albania 46.2 142.1 0 0 0 188.3 Bosnia and Herzegovina 51.4 252.7 0 0 8.3 312.4 Kosovo 35.6 155.7 0 0.5 2.5 194.3 Montenegro 43.8 151.1 0 0 0 194.9 North Macedonia 28.4 156.8 0 0 0 185.2 Serbia 76.8 148.4 0 0.4 0 225.6 Regional 21.7 0 90.1 8.4 0 120.2 Croatia 7.6 0 0 0 0 7.6

11 MONITORING REPORT

Table 1.13 | Grants approved per beneficiary by sector (€m) Beneficiary Digital Energy Environment Social Transport Private Total net of sector cancellations Albania 3.4 30.4 26.3 3.0 125.2 0 188.3 Bosnia and Herzegovina 0 2.8 40.2 11.1 258.3 0 312.4 Kosovo 1.2 22.7 27.9 1.8 140.7 0 194.3 Montenegro 0.6 29.0 32.8 1.4 131.1 0 194.9 North Macedonia 0.5 30.8 0.9 12.9 140.1 0 185.2 Serbia 1.8 28.0 17.3 15.7 162.8 0 225.6 Regional 1.0 100.5 4.3 1.2 4.7 8.5 120.2 Croatia 0 2.7 0 4.9 0 0 7.6

Figure 1.7 | Projects supported per beneficiary net of cancellations

45 7.0 6.3 40 6.0 35 5.0 30

3.9 €bn) 25 4.0

20 2.5 2.6 3.0 No. of projects

15 2.1 Estimated value ( 1.8 1.8 2.0 1.4 10 1.0 5 37 29 30 20 23 42 26 3 0 0.0 ALB BIH KOS MNE MKD SRB REG HRV

Figure 1.8 | Breakdown of projects per beneficiary by sector net of cancellations

100% 90% 80% 70% 60% 50%

Value (%) 40% 30% 20% 10% 0% ALB BIH KOS MNE MKD SRB REG HRV

Energy Environment Social Transport Digital infrastructure Private sector development

Albania has benefited from 53 grants totalling €188.3m in technical assistance and investment co-financing. These support 37 projects with an estimated value of €2.5bn for access to continuous water supply and electricity, competitive energy sources, modern sanitation services, better schools and healthcare facilities, safe and efficient roads, railways and seaports. Further investments are currently being prepared, including for broadband connectivity and those identified in the national gas masterplan developed with WBIF assistance. WBIF helps Albania in fulfilling key objectives of the Economic and Investment Plan for the Western Balkans (EIP) by 2024, including: • Flagship 3 - Connecting the coastal regions: Rail Route 2, linking the capitals of Tirana and Podgorica and extended to the port of Durres, will be enhanced through the rehabilitation of 120 km of railway line to the border with Montenegro. Tirana road bypass and two other sections on the ‘Blue Highway‘ along the coast from Croatia down to Greece will be completed. • Flagship 4 - Renewable energy: Fierza Hydro Power Plant will be rehabilitated. 12 • Flagship 5 - Transition from coal: Fier - Vlora gas pipeline will be completed, and the Ionian-Adriatic pipeline along the coast will be prioritised. • Flagship 7 - Waste and waste water management: Integrated regional waste management systems will be established. Achieved results (2009 - 2020): Expected results (2021 - 2030): • 800 km of new roads • 243 km of motorways • Improved water and waste water • 193 km of railway lines rehabilitated systems for 300,000 people • 500 MW electricity from renewables for over 200 households • Better schools for 18,500 students • 174 km of electricity transmission lines upgraded • 207 km of gas pipelines • Improved water, waste water and solid waste services for 1.5 million people • Healthcare treatment and research facilities for 2.8 million people • 70% of households with access to broadband networks in rural areas • 724 healthcare facilities and 2,155 schools (333,250 students and teachers) connected to broadband Out of the 37 projects supported, 9 have been completed, 9 are being implemented, 1 is tendering for works and 18 are at various stages of preparation.

Bosnia and Herzegovina has benefited from 67 grants for €312.4m in technical assistance and investment co-financing. These support 29 projects with an estimated value of €3.9bn for electricity distribution, wind power generation, flood protection and water resources conservation, water supply and wastewater collection and treatment throughout the country, healthcare and medical education facilities, social housing solutions for internally displaced people, prison facilities, road and railway links with countries in the region and the EU, inland ports. WBIF helps Bosnia and Herzegovina in fulfilling key priorities of the EIP by 2024, including: • Flagship 1 - Connecting East to West: Demining of the river and addressing bottlenecks on the river will be completed or advanced. • Flagship 2 - Connecting North to South: 75% of Corridor Vc, which links central Europe capitals through in Bosnia and Herzegovina to the port of Ploče on the Adriatic coast, will be upgraded to motorway standards. The rail connection along the same corridor will also be upgraded. Sarajevo to Podgorica capital to capital connection will be enhanced. • Flagship 5 - Transition from coal: The south gas interconnector between Bosnia and Herzegovina and Croatia will be completed.

Achieved results (2009 - 2020): Expected results (2021 - 2030): • 44 km of motorways • 97 km of motorways, 2 cross-border bridges and facilities • Improved water and wastewater systems for • 57 km of railway lines rehabilitated 650,000 people • 1 inland port renovated, improved navigability on 40 km of waterway • Flood forecasting and warning system for 3.3 • 158 MW electricity from renewables million people in the Sava River Basin • 129 km of electricity lines upgraded • New prison in line with European standards • 162 km of gas pipelines for 350 detainees • Improved water, waste water and solid waste services for 1.2 million people • Over 1.7 million people protected from floods • Healthcare treatment and research facilities for 1.4 million people • Social housing for at least 7,200 internally displaced people Out of the 29 projects supported, 6 have been completed, 10 are being implemented, 1 is tendering for works and 12 are at various stages of preparation.

Kosovo has benefited from 46 grants worth €194.3m in technical assistance and investment co-financing. These support 30 projects with an estimated value of €1.4bn for water and wastewater systems, rehabilitation of district heating systems and the implementation of energy efficiency measures in public buildings throughout the country. Better education and healthcare facilities have been planned for and are currently being implemented. Moreover, the WBIF has contributed to the development of essential road and rail transport routes and the preparation of broadband investments.

13 MONITORING REPORT

WBIF helps Kosovo in fulfilling key objectives of the EIP by 2024, including • Flagship 1 - Connecting East to West: The ‘Peace Highway’ in Kosovo, which links Pristina with Niš in Serbia, will be completed. • Flagship 2 - Connecting North to South: The railway route connecting with Pristina will be further upgraded. • Flagship 4 - Renewable energy: Preparation of the construction of the Ibër-Lepenc Hydro System Phase II will be accelerated. • Flagship 5 - Transition from coal: The gas interconnection with North Macedonia will be prepared for construction. • Flagship 7 - Waste and wastewater management: Pristina wastewater treatment plant will be completed.

Achieved results (2009 - 2020): Expected results (2021 - 2028): • District heating system rehabilitated for • 53 km of motorways 13,500 customers in Pristina • 213 km of railway lines rehabilitated • 57 public buildings renovated and over • District heating systems for 1.2 million people 480,000 MWh/year in energy savings • 74 public buildings renovated over 640,000 MWh/year in energy • Improved water supply systems for 550,000 savings people • Improved water and wastewater systems for 900,000 people 600,000 people protected from floods • Healthcare treatment and research facilities for 2.2 million people • 136,500 students and teachers in 500 primary and secondary schools connected to high-speed broadband

Out of the 30 projects supported, 5 have been completed, 4 are being implemented, 2 are tendering for works and 19 are at various stages of preparation.

Montenegro has benefited from 49 grants totalling €194.9m in technical assistance and investment co-financing. These support 20 projects with an estimated value of €1.8bn for water and wastewater systems throughout the country, regional solid waste schemes, flood protection measures, district heating, gas and electricity transmission networks. Moreover, the WBIF has contributed to the development of essential road and rail transport routes, which will ensure the country's connections with the other countries in the region and the EU, and to the preparation of broadband investments. WBIF helps Montenegro in fulfilling key objectives of the EIP by 2024, including: • Flagship 2 - Connecting North to South: Rail Route 4 linking Belgrade to Podgorica to the Montenegrin port of Bar will be rehabilitated. The parallel road corridor will be further advanced, in particular the Podgorica bypass. The Sarajevo to Podgorica capital to capital connection will be enhanced. • Flagship 4 - Renewable energy: The Piva Hydro Power System in Montenegro will be expanded, starting with the construction of the Komarnica Hydro Power Plan. • Flagship 7 - Waste and wastewater management: Integrated regional waste management systems will be established.

Achieved results (2009 - 2020): Expected results (2021 - 2030): • Improved water and wastewater systems for • 100 km of motorways 70,000 people • 147 km of railway lines rehabilitated • Efficient solid waste services for over 185,000 • 287 km of electricity transmission lines upgraded people • 95 km of gas pipelines Improved water and wastewater systems for • Flood forecasting and warning system for 420,000 people 192,000 people in the Sava River Basin • Efficient solid waste services for over 112,000 people • 48,700 people with access to next-generation networks in 'white zones' • New prison facility in line with European standards for 200 detainees

Out of the 20 projects supported, 3 have been completed, 4 are being implemented, 1 is tendering for works and 12 are at various stages of preparation.

North Macedonia has benefited from 38 grants totalling €185.2m in technical assistance and investment co-financing. These support 23 projects with an estimated value of €2.1bn for the first renewables scheme in the country and upgrade of the capacities of the electricity distribution network. Better schools, healthcare and prison facilities, water and wastewater systems have been prepared and built. Moreover, the WBIF has contributed to the development of essential road and rail routes,

14 which will ensure the country’s connections within the region and with the EU, and to the preparation of investments in broadband connectivity. WBIF helps North Macedonia in implementing key objectives of the EIP by 2024, including: • Flagship 1 - Connecting East to West: Rail Corridor VIII between Skopje and the Bulgarian border will be substantially advanced to connect Skopje and Sofia; • Flagship 4 - Renewable energy: Wind park and solar power plant investments will be substantially advanced and serve as an example for future proof investments making use of the renewable energy potential of the region; • Flagship 5 - Transition from coal: The gas interconnections with Kosovo and Serbia will be prepared for construction. • Flagship 7 - Waste and wastewater management: Skopje waste water treatment plant will be completed and regional waste management systems will be established.

Achieved results (2009 - 2020): Expected results (2021 - 2030): • 36.8 MW electricity from renewables for over • 56 km of motorways 16,000 households • 191 km of railway lines rehabilitated, 1 joint border station • Better schools for more than 78,000 students • 238 km of transmission lines upgraded • Healthcare research and treatment facilities • 483 MW electricity from renewables for over 76,000 households for 1.8 million people • 84 km of gas pipelines • New prison facilities in line with European • Improved water and wastewater systems for more than 600,000 standards for 1,870 detainees people • Better schools for 56,200 students • Healthcare treatment and research facilities for 200,000 people • • 174,600 people with access to ultra-fast internet in 'white' and 'grey' zones Out of the 23 projects supported, 10 are being implemented and 13 are at various stages of preparation.

Serbia has benefited from 65 grants totalling €225.6m in technical assistance and investment co-financing. These support 42 projects with an estimated value of €6.3bn for piloting research, development and innovation as well as start-up incubator facilities alongside retrofitting of schools. Social housing, judiciary facilities and municipal services (water, wastewater and district heating) have also been planned for and are currently being built or are in operation. Gas and electricity transmission lines as well as key road and railway transport routes have been designed for upgrade and are being implemented, and options for a new port in Belgrade are currently being reviewed. Urban transport investments in Belgrade were executed, with a view to increasing public transport capacities and reducing its carbon footprint, and broadband connectivity in rural areas is being prepared. WBIF helps Serbia in implementing key objectives of the EIP by 2024, including: • Flagship 1 - Connecting East to West: The ‘Peace Highway’ will be substantially advanced and Rail Corridor X will be fully modernised. • Flagship 2 - Connecting North to South: The railway route connecting Belgrade with Pristina will be prepared for rehabilitation. • Flagship 5 - Transition from coal: The Trans-Balkan Electricity Transmission Corridor in Serbia will be completed. • Flagship 7 - Waste and wastewater management: An environmental investment programme, comprising modernised waste water treatment projects for large and medium-sized towns, will be undertaken. Integrated regional waste management systems will be established.

Achieved results (2009 - 2020): • 90 km of motorways • Enhanced urban mobility for 1.3 million people in Belgrade • District heating systems upgraded in 21 cities and towns • Improved water and wastewater systems for over 500,000 people • Flood forecasting and warning system for 1.8 million people in the Sava River Basin • 6 new higher education and research facilities • Judiciary facilities and new prison for 500 detainees

15 MONITORING REPORT

Expected results (2021 - 2030): • 77 km of motorways • 580 km of railway lines rehabilitated • 479 km of electricity transmission lines upgraded • 28 public buildings and 30 schools for more than 30,000 students renovated • Improved water and wastewater systems for more than 2.5 million people • Healthcare treatment and research facilities for 1.9 million people • Broadband connectivity for 1,500 schools and 225,000 households (650,000 people) in rural areas Out of the 42 supported projects, 5 have been completed, 15 are being implemented and 22 are at various stages of preparation.

With an overall estimated value of €1.8bn through 26 projects supported by 36 grants for a total of €120.2m, regional projects benefiting more than one country and facilitating regional cooperation are at the core of WBIF’s mandate. Investment facilities for energy efficiency (REEP and REEP Plus) and SME support (WB EDIF) account for most of the portfolio, followed by regional transport networks, electricity and gas interconnections and sector development studies.

16 Status of the Joint Grant Facility

The WBIF portfolio consists of 361 grants with a total value of €1,428m. WBIF approved a grand total of 389 grants, but considering that 28 grants of €25.4m were cancelled after approval due to delays, poor or non-performance, the actual total is 361.

Table 2.1 | Breakdown of WBIF approved grants Technical Investment Investment Sector studies Interest rate Total assistance grants facilities subsidies Grants approved No. 295 71 9 10 4 389 Value (€m) 332.9 1,011 90.1 9.3 10.8 1,454 Cancelled No. 26 2 - - - 28 Value (€m) 21.4 4.0 - - - 25.4 Total net of No. 269 69 9 10 4 361 cancellations Value (€m) 311.5 1,007 90.1 9.3 10.8 1,428

Net of cancellations, so far 187 grants (52%) totalling €238m have been completed, 172 grants (44%) of €1,188m are ongoing and 2 grants (1%) of €2.1m are on hold pending decisions on their implementation. Figure 2.1 | Status of WBIF grants

400 1600 350 1,428 1400

300 1,188 1200 250 1000 €m) 200 800 Grant (

No. of grants 150 600 100 400 50 238 200 187 172 2 28 361 0 2.1 25.4 0 Completed Active On hold Cancelled Total net of cancellations

Number Grant (€m)

Technical assistance Technical assistance for project preparation is at the core of WBIF. Net of cancellations, WBIF has allocated €311.5m through 269 grants for TA, which account for 75% of the total number of grants and 22% of the grant amount approved. The majority of TA grants (75% of total) are implemented by the Infrastructure Project Facilities (IPFs), which are funded by the EU. As of May 2021, 158 TA grants of €142.2m (54% of total TA) have been completed, 109 grants of €167.2m (37% of total TA) are at various stages of implementation and 2 grants of €2.1m are on hold pending decisions on their execution, as shown in the table and figure below.

Table 2.2 | Status of TA grants by year of approval Grant status 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Total % of total approved Approved 18 35 15 35 22 21 16 17 20 27 23 26 20 295 100% Active 0 0 0 0 2 2 4 6 10 21 20 24 20 109 37% On hold 0 0 0 0 0 0 0 0 1 1 0 0 0 2 1% Completed 18 30 13 29 16 15 12 11 6 4 3 1 0 158 54% Cancelled 0 5 2 6 4 4 0 0 3 1 0 1 0 26 9%

17 MONITORING REPORT

Figure 2.2 | Status of TA grants

300 350 311.5 250 300 250 200

200 €m) 150 167.2 142.2 150 Grant ( No. of grants 100 100

50 50 158 109 2 26 21.4 269 0 2.1 0 Completed Active On hold Cancelled Total net of cancellations

Number Grant (€m)

In terms of implementation, the interval between grant approval and start of TA activities is greater than expected and is a good indicator of project maturity/readiness. The expected average period for the start of TA, which is used for preparation of terms of reference (ToR) and procurement, is 6-9 months. In practice, many grants encounter significant delays, which are mainly caused by poorly defined scope of work in approved applications, changes in scope after approval and lengthy periods for ToR preparation. Most of the TA grants (127 grants or 47% of total) start implementation within 1 year of approval, while 101 grants (38% of total) require 1-2 years. A total of 20 grants (7% of total) have a time lag of 2-3 years and 21 grants (8% of total) need more than 3 years to start execution. The period for completion of TA activities largely depends on services undertaken. The charts below show the average time between approval, start of TA implementation and completion. The averages for 2018 and earlier, for which most TA services have started, are more reliable; the data for 2019-2020 take account of forecasts from approved applications.

Figure 2.3 | Average time between approval, start of implementation and completion of TA grants

70 59 59 59 59 60 57 51 50 46 46 44 37 40 36 33 43 36 38 39 34 34 27 Months 30 33 29 27 21 17 24 20 18 26 21 10 16 16 17 21 20 17 17 18 12 14 9 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year of approval

Start of TA activities TA completion

Figure 2.4 | TA grants grouped by time lapse to start of implementation

< 6 35

6 - 12 92

12 - 24 101 Months

24 - 36 20

> 36 21

0 20 40 60 80 100 120 Number of grants

18 Sector development studies Ten studies (3% of total grants) of €9.3m for the energy, environment, social and transport sectors and for public-private part- nerships have been approved so far. All ten grants have been completed.

Table 2.3| Status of WBIF sector development studies by year of approval Grant status 2011 2012 2013 2015 Total No. €m No. €m No. €m No. €m No. €m Approved 1 0.4 5 4.3 2 1.6 2 3.0 10 9.3 Completed 1 0.4 5 4.3 2 1.6 2 3.0 10 9.3

Interest rate subsidies Four grants for €10.8m have been allocated for interest rate subsidies to two social and one environment projects in Bosnia and Herzegovina and one energy project in Kosovo. All four grants are combined with a project preparation (TA) component. CEB is lead IFI of three of the grants and KfW of one grant.

Table 2.4 | Status of WBIF interest rate subsidies by year of approval Grant status 2010 2011 2012 Total No. €m No. €m No. €m No. €m Approved 1 3.2 1 2.5 2 5.1 4 10.8 Active 0 0 0 0 1 2.5 1 2.5 Completed 1 3.2 1 2.5 1 2.6 3 8.3

Investment grants WBIF approved 71 investment grants, of which 2 grants have been cancelled after approval. Net of cancellations, the invest- ment grants (69 grants) account for 19% of the total number of grants and 71% (€1,007m) of the total grant amount. Grant distribution is reasonably balanced per beneficiary, and there is a clear dominance of the transport sector in comparison with other sectors, largely due to the allocations to Connectivity Agenda projects in 2015-2020.

Figure 2.5 | Investment grants by sector and year of approval net of cancellations

250 237.9

200 194.4

146.8 138.6 150

€m) 3.1 110.4 230.2 98.5 157.3

Grant ( 100 88.0 71.7 120.8 15.0 98.4 50 98.5 42.7 8.0 58.8 11.3 6.0 25.8 6.2 0 14.0 2.0 0.4 12.0 7.7 8.5 2009 2011 2012 2015 2016 2017 2018 2019 2020 Year of approval

Energy Environment Transport Social

Table 2.5 | Investment grants by beneficiary and sector net of cancellations Beneficiary Energy (€m) Environment (€m) Social (€m) Transport (€m) Total (€m) % of total Albania 22,842,000 13,680,000 0 105,529,000 142,051,006 14% Bosnia and Herzegovina 0 15,365,660 0 237,377,243 252,742,903 25% Kosovo 14,000,000 18,650,000 0 123,051,958 155,701,958 15% Montenegro 25,540,000 26,615,924 0 98,894,200 151,050,124 15% North Macedonia 24,969,000 0 9,069,000 122,758,756 156,796,756 16% Serbia 19,856,400 8,040,000 0 120,502,940 148,399,340 15% Total 107,207,400 82,351,584 9,061,000 808,114,097 1,006,742,081 100% 19 MONITORING REPORT

Except for one grant, the investment grants approved in 2009-2012 have been completed, while the grants approved in 2015- 2020 are ongoing.

Table 2.6 | Status of investment grants by year of approval Grant status 2009 2011 2012 2013 2015 2016 2017 2018 2019 2020 Total % of total Approved 12 5 1 1 8 3 4 14 14 9 71 100% Active 0 1 0 0 8 3 4 14 14 9 53 75% Completed 12 3 1 0 0 0 0 0 0 0 16 23% Cancelled 0 1 0 1 0 0 0 0 0 0 2 3%

Figure 2.7 | Status of investment grants

80 1200 70 1,007 1000 60 928.7 800 50 €m) 40 600

30 Grant ( No. of grants 400 20 78.1 200 10 16 53 69 0 2 4.0 0 Completed Active Cancelled Total net of cancellations

Number Grant (€m)

The implementation of most of the grants is progressing slowly, although the interval between approval and start of implemen- tation has decreased over time. For a project with the detailed design close to completion, procurement of works should take up to 12-15 months. Most of the investment grants (25 grants or 36% of total) start implementation within 1 year of approval, while 29 grants (29% of total) require 1-2 years. A total of 11 grants (16% of total) have a time lag of 2-3 years and 13 grants (19% of total) need more than 3 years to start implementation. The delays are mainly linked to project maturity and procurement.

Figure 2.8 | Average time between approval, start and completion of INV grants

100 95 94 85 90 82 79 80 70 65 48 48 58 51 60 40 54 79 59 50 19 Months 40 50 29 30 40 20 39 43 39 28 26 10 16 15 19 8 0 2009 2011 2012 2015 2016 2017 2018 2019 2020 Year of approval

Start of INV implementation INV completion

Figure 2.9 | INV grants grouped by time lapse to start of implementation

< 6 9

6 - 12 16

12 - 24 20 Months

24 - 36 11

> 36 13

0 5 10 15 20 25 Number of grants

20 The investment grants consist of the following allocations: • 12 IPF-Municipal Window grants for a total of €71.7m allocated to energy, environment and transport projects in Albania, Bosnia and Herzegovina, Kosovo, Montenegro and Serbia in 2009. All 12 grants were completed by April 2018. • 5 grants of €8.4m approved in 2011 and 2012 for projects in the environment and social sectors in North Macedonia, Mon- tenegro and Serbia. Four of the grants (€6.4m in total) were completed by February 2019 and one grant (€2m) is expected to be finalised in July 2021. • 40 grants totalling €886.3m allocated to eight energy and thirty-two transport projects under the Connectivity Agenda in 2015-2020. Construction works are well under way on 15 projects, of which 3 transport projects in Bosnia and Herzegovina are expected to be completed in 2021. Construction works on 9 more projects are planned to start by the end of 2021. • 12 grants worth €40.3m were allocated to environment and social projects from the bilateral donors' contributions to the Joint Fund in 2017-2020. Construction works are under execution on 4 projects and works are expected to commence on 3 more projects by the end of 2021. Against the planning for the start of construction works on the projects co-financed under the Connectivity Agenda and by bi- lateral donors in 2017-2020, 25 projects are on track (< 1 year delay), 13 projects are on a critical path (1-2 years delay) and 14 projects are seriously delayed (2+ years delay). The status of each project is shown on pages 22-27 below.

Figure 2.9 | Status of projects co-financed by investment grants in 2015-2020

27%

On track (< 1 year delay) 48% Critical path (1-2 years delay) Serious delay (2+ years delay)

25%

The main reasons for delay are project specific (e.g. changes in project strategy and/or requirements, excessive periods for preparation of designs, design review and permitting), lengthy procurement procedures (e.g. contracting implementation con- sultants and preparation of tender documents, changes in procurement and contracting), beneficiary related (e.g. land owner- ship questions, end beneficiaries’ commitment, priorities change, capacity constraints, changes in legislation), and negotiation of loan agreements and signature of financing (loan/grant) agreements.

Investment facilities Two regional investment facilities for energy efficiency and private sector development have established and financed through WBIF: Western Balkans Enterprise Development and Innovation Facility (WB EDIF) and Regional Energy Efficiency Programme (REEP and its extension REEP Plus). So far, the two facilities have benefited from 9 grants worth €90.1m, of which €84.6m funds REEP and REEP Plus and €5.5m for TA supports WB EDIF. All 9 grants are at various stages of implementation. WB EDIF is the main platform for WBIF support for the private sector and focuses on SMEs. The overall objective of WB EDIF is to improve access to finance for SMEs and to foster economic development in the region through establishment and growth of innovative and high-potential companies. The European Investment Fund (EIF) coordinates the platform. REEP/REEP Plus provides support to the energy sector through several facilities targeting energy efficiency. The programme is maanged by EBRD and blends policy support to Western Balkan governments with loans, technical assistance and incentives to support energy efficiency and renewable energy projects in the public and private sectors. REEP operates both directly and through intermediaries. KfW joined REEP Plus in 2016.

21 MONITORING REPORT 2015 AND 2016 CONNECTIVITY AGENDA PROJECTS Progress to Date (May 2021)

Albania – North Macedonia Power Interconnection (I): Grid Section Dec Nov Nov May Jan Jan May 1 - in Albania (Fier – Elbasan – border between the two states) / KfW 2015 2016 2016 2019 2021 2022 2023

Albania – North Macedonia Power Interconnection (II): Grid Section Dec Dec Feb Nov Oct Sept Sept June 2 in North Macedonia (Bitola – border between the two states) / EBRD 2015 2015 2016 2018 2016 2017 2017 2023

Trans-Balkan Electricity Corridor (I): Grid Section in Montenegro Dec May July Jan July Oct Dec 3 - (Lasta – Pljevlja – border with Serbia) / KfW 2015 2013 2016 2012 2014 2017 2024

Trans-Balkan Electricity Corridor (II): Grid Section in Serbia Dec Mar Mar Sept Aug Mar June June 4 ( – ) / KfW 2015 2017 2017 2018 2019 2020 2020 2022

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc Road Dec Aug Apr Nov Sep Oct June 5 2018 Interconnection, Svilaj – Odžak and Svilaj Bridge / EIB 2015 2012 2017 2011 2013 2016 2021

Extension of TEN-T Core Network: Bosnia and Herzegovina – Croatia Dec Nov Mar Oct July Oct June 6 2018 R2a Road Interconnection, Gradiška Bridge / EIB 2015 2005 2018 2018 2019 2019 2022

Orient/East-Med Corridor: North Macedonia – Kosovo R10 Rail Dec Sept Feb Mar May Jan Aug Sept 7 Interconnection, Fushë Kosovë/Kosovo Polje – Border with North 2015 2015 2018 2018 2018 2019 2019 2022 Macedonia Section in Kosovo / EBRD

Orient/East-Med Corridor: Montenegro – Serbia R4 Rail 8 Dec Mar Mar Feb Apr Jun Sept June Interconnection, Bar – Section in Montenegro / EIB 2015 2017 2017 2020 2017 2017 2017 2022

Orient/East-Med Corridor: Serbia – North Macedonia CX Rail Dec Aug Jan Q3 9 n/a n/a - 2023 Interconnection, Niš – Brestovac Section in Serbia (National IPA) 2016 2019 2020 2021

Orient/East-Med Corridor: CX Intermodal Terminal in Belgrade, Dec Nov Oct Nov June 10 n/a n/a - Serbia (National IPA) 2016 2018 2019 2020 2023

Mediterranean Corridor: Montenegro – Albania – Greece R2 Rail Dec Dec May Oct Feb Aug Feb 11 - Interconnection, Tirana – Durrës Section in Albania / EBRD 2016 2016 2018 2019 2021 2021 2023

Orient/East-Med Corridor: North Macedonia – Kosovo – Serbia 12 R10 Rail Interconnection, Fushë Kosovë/Kosovo Polje – Mitrovicë/ Dec Sept Dec Dec May Nov Q4 Mitrovica Section in Kosovo / EBRD 2016 2015 2018 2018 2019 2021 2023

Orient/East-Med Corridor: Serbia – Bulgaria CXc Rail Dec Jan Jan Mar June 13 - Interconnection, Sićevo – Dimitrovgrad Section in Serbia / EIB 2016 2018 2018 2022 2024

Application Loan agreement Grant agreement Design complete Works tender Works contract Works commence Works 50% Works 100% approved signed signed launched signed complete complete

Loan/Grant Electricity Serious delay: Critical path: On track: Railways Freight terminal Cross-border bridge Disbursed transmission 2+ years 1-2 years delay <1 year delay 22 MONITORING REPORT 2017 CONNECTIVITY AGENDA PROJECTS Progress to Date (May 2021)

Project of Energy Community Interest: Serbia (Niš) – Bulgaria Gas May Dec Mar Sept Q4 1 n/a Interconnector (National IPA) 2021 2018 - 2021 2021 2023

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc July Apr Dec Aug Oct Q2 2017 2018 2 Road Interconnection I, Ponirak – Vraca/Zenica Tunnel Subsection in 2018 2018 2019 2019 2019 2022 Bosnia and Herzegovina / EIB

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc Road July Dec Mar Aug Aug Nov Apr Q2 3 Interconnection II, Zenica Tunnel – Donja Gračanica Subsection in 2018 2015 2021 2020 2017 2018 2019 2021 Bosnia and Herzegovina / EBRD

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc Road July Dec Aug Oct Mar June Feb 2020 4 Interconnection III, Johovac Interchange – Rudanka Interchange 2018 2017 2019 2018 2019 2019 2022 Section in Bosnia and Herzegovina / EBRD

Rhine/Danube Corridor: Bosnia and Herzegovina – Croatia Dec Dec Dec June Q4 5 - 2012 Waterway Interconnection, Brčko Port / EBRD 2019 2016 2020 2021 2022

Orient/East-Med Corridor: North Macedonia – Bulgaria CVIII Dec Dec Dec Jan Jan Oct Q4 6 Rail Interconnection, Beljakovce – Kriva Palanka Section in North 2017 2014 2018 2018 2021 2021 2025 Macedonia / EBRD

Orient/East-Med Corridor: Serbia – Bulgaria CXc Rail Dec Jan Jan Aug Aug 7 Interconnection, Niš – Dimitrovgrad Section in Serbia / EIB 2017 2018 2018 2022 2024

Application Loan agreement Grant agreement Design complete Works tender Works contract Works commence Works 50% Works 100% approved signed signed launched signed complete complete

Loan/Grant Railways Gas pipeline Motorways Inland port Serious delay: Critical path: On track: Disbursed 2+ years 1-2 years delay <1 year delay

23 MONITORING REPORT 2018 CONNECTIVITY AGENDA PROJECTS Progress to Date (May 2021)

Dec To be To be 1 Reconstruction of Durrës Port, Quays 1 and 2, in Albania / EBRD - - 2018 confirmed confirmed

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc Road Dec Feb July Oct Oct Aug Aug Q2 2 Interconnection, Tarčin – Ivan Subsection I in BiH / EIB 2018 2020 2020 2013 2019 2020 2020 2022

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc Dec Sept Oct Apr Oct Feb Q2 3 Road Interconnection, Tarčin – Ivan Subsection II in Bosnia and - 2018 2018 2013 2019 2019 2020 2022 Herzegovina / EBRD

Mediterranean Corridor: Bosnia and Herzegovina – Croatia Vc Dec Dec Mar May July May 2016 2017 4 Road Interconnection, Buna – Počitelj Subsection in Bosnia and 2018 2015 2021 2018 2018 2021 Herzegovina / EBRD

Orient/East-Med Corridor: North Macedonia – Bulgaria CVIII Dec Sept Apr Sept Feb May 2018 5 Road Interconnection, Kriva Palanka – Deve Bair Section in North 2018 2018 - 2019 2019 2020 2023 Macedonia / EBRD

Orient/East-Med Corridor: North Macedonia – Albania CVIII Road Dec Sept Q4 6 - - Interconnection, Bukojčani – Kičevo Subsection in NMK / EBRD 2018 2022 2025

Mediterranean Corridor: Montenegro – Croatia – Albania R1 Road Dec To be To be 7 Interconnection, Budva Bypass in Montenegro / KfW 2018 - - confirmed confirmed

Orient/East-Med Corridor: Montenegro – Serbia R4 Rail Dec 8 - - - 2022 2024 Interconnection, Bar – Vrbnica Section in Montenegro / KfW 2018

Orient/East-Med Corridor: Serbia – Kosovo R7 Road Interconnection, Dec Sept Sept Mar Q3 Q3 9 - Niš (Merošina) – Pločnik (Beloljin) Section in Serbia / EIB 2018 2019 2019 2021 2021 2025

Supervision of Works for Mediterranean Corridor: Bosnia and June Nov July June Nov Mar 10 Herzegovina – Croatia Vc Road Interconnection, Počitelj – Zvirovići 2018 2014 - 2015 2018 2019 2019 2022 Subsection in Bosnia and Herzegovina / EIB

Tender Documents and Supervision of Works for: Orient/East- June - - - 2022 2024 11 Med Corridor: Kosovo –Serbia R7 Road Interconnection, Pristina – 2018 Merdare Section in Kosovo / EBRD

Application Loan agreement Grant agreement Design complete Works tender Works contract Works commence Works 50% Works 100% approved signed signed launched signed complete complete

Loan/Grant Railways Maritime port Motorways Blue Highway Peace Highway Serious delay: Critical path: On track: Disbursed 2+ years 1-2 years delay <1 year delay

24 MONITORING REPORT 2019 CONNECTIVITY AGENDA PROJECTS Progress to Date (May 2021)

Project of Mutual Interest: North Macedonia –Greece Gas Dec June Dec 1 - - - Interconnector / EIB 2019 2022 2024

Trans-Balkan Electricity Corridor: – Bajina Bašta Grid Dec Dec Feb Dec Sept 2 Section in Serbia / KfW 2019 2020 2021 2022 2025

Mediterranean Corridor: Putnikovo Brdo 2 Tunnel – Medakovo Dec May Sept Nov Q3 3 - 2020 Interchange Vc Motorway Subsection in BiH / EBRD 2019 2019 2020 2021 2023

Mediterranean Corridor: Poprikuse – Nemila Vc Motorway Dec Sept Aug Nov Q2 Q3 4 - 2021 Subsection in Bosnia and Herzegovina / EBRD 2019 2018 2018 2020 2021 2024

Mediterranean Corridor: Rudanka Interchange – Putnikovo Brdo 2 Dec May Feb Apr May Q4 5 - - Tunnel Vc Motorway Subsection in Bosnia and Herzegovina / EBRD 2019 2019 2020 2021 2021 2023

Orient/East-Med Corridor: General Rehabilitation of Railway Route Dec May Q3 6 - - - 10 in Kosovo, Signalling and Telecoms for Phases 1 & 2 / EBRD 2019 2022 2024

Orient/East-Med Corridor: North Macedonia – Serbia Rail Dec Oct July Q1 7 - 2020 Interconnection, Tabanovce Joint Border Station / EBRD 2019 2010 2022 2024

Orient/East-Med Corridor: North Macedonia – Kosovo Road Dec Oct Q4 - 8 Interconnection, Blace – Skopje (Stenkovec Interchnage) Motorway 2019 - 2022 2025 Section in North Macedonia / EBRD

Application Loan agreement Grant agreement Design complete Works tender Works contract Works commence Works 50% Works 100% approved signed signed launched signed complete complete

Loan/Grant Electricity Serious delay: Critical path: On track: Railways Gas pipeline Motorways Disbursed transmission 2+ years 1-2 years delay <1 year delay

25 MONITORING REPORT 2020 CONNECTIVITY AGENDA PROJECTS Progress to Date (May 2021)

Dec Feb Aug 1 Rehabilitation of Fierza Hydropower Plant in Albania / KfW - - - 2020 2023 2027

Dec Dec Apr 2 Mediterranean Corridor: Tirana Bypass in Albania / EBRD - - 2020 2022 2025

Mediterranean Corridor: Kvanj Tunnel – Buna Vc Motorway Dec Apr Dec Nov Nov 3 - - Subsection in Bosnia and Herzegovina / EIB 2020 2018 2019 2021 2024

Rhine/Danube Corridor: Demining the Right Bank of the Sava River in Dec Dec 4 - 2022 2023 Bosnia and Herzegovina / World Bank 2020 2020

Orient/East-Med Corridor: Kosovo – Serbia R7 Road Interconnection, Dec 5 - - - 2022 2024 Pristina – Merdare Section in Kosovo / EBRD 2020

Orient/East-Med Corridor: Montenegro – Serbia R4 Rail Dec Dec 6 - - 2022 2024 Interconnection, Bar – Vrbnica Section in Montenegro / EIB 2020 2020

Application Loan agreement Grant agreement Design complete Works tender Works contract Works commence Works 50% Works 100% approved signed signed launched signed complete complete

Loan/Grant Serious delay: Critical path: Railways Hydropower Waterways Motorways Blue Highway Peace Highway Disbursed 2+ years 1-2 years delay

On track: <1 year delay

26 MONITORING REPORT 2017 - 2020 ENVIRONMENT AND SOCIAL PROJECTS Progress to Date (May 2021)

Montenegro: Construction of Podgorica Wastewater Treatment Plant June Sept Sept May Feb Feb Q4 1 - / KfW 2017 2017 2017 2019 2020 2020 2024

Serbia: Upgrade of Makis Water and Wastewater Treatment Facilities Dec Feb 2 - - 2022 2025 / EBRD 2017 2016

Montenegro: Boka Bay Water Supply and Wastewater Collection / Dec Dec June Q4 Q4 3 - KfW 2018 2015 2019 2021 2024

Dec Dec Dec Q1 Q3 - 4 Montenegro: Bijelo Polje Wastewater Treatment Plant / KfW 2018 2019 2019 2022 2024

May Dec Oct May Mar Nov Mar Q4 5 Bosnia and Herzegovina: Gradacac Water Supply Project / EBRD 2019 2014 2020 2017 2020 2020 2021 2022

Bosnia and Herzegovina, WATSAN Programme in Republika Srpska: Dec Dec Apr June June Oct Nov Dec 6 Lokanj-Pilica Water Supply Phase 1 and Wastewater Treatment Plant 2019 2013 2021 2018 2020 2020 2020 2022 for Tabanci in the Municipality of Zvornik / EIB Bosnia and Herzegovina, WATSAN Programme in the Federation of Bosnia and Herzegovina: Water Supply Investments on the Right Side Dec May Apr Dec May Feb Apr Mar 7 of the River Vrbas and Water Loss Reduction in the Municipality of 2019 2014 2021 2018 2020 2021 2021 2022 Jajce / EIB

Kosovo: Wastewater Treatment Plant and Sewerage Network Dec May Q2 8 - - 2024 Extension and Rehabilitation in Gjilan / EBRD 2019 2019 2022

Montenegro: Boka Bay Water Supply and Wastewater Collection Dec Dec June Q4 Q4 9 - Phase 2 / KfW 2019 2015 2020 2021 2024

Bosnia and Herzegovina, Visoko Water Supply Project: Mostre Dec Aug Q3 Q2 10 - 2019 Subsystem and Water Network Reconstruction Phase 3 / EBRD 2020 2016 2021 2022

Kosovo: Wastewater Treatment Plant and Sewerage Network for Dec 11 - - - 2022 2024 Mitrovica / EBRD 2020

North Macedonia, Rehabilitation of Physical Education Facilities in Dec Oct 12 Primary and Secondary Schools and Acquisition of Sports Equipment - - 2022 2023 2020 2011 / CEB

Application Loan agreement Grant agreement Design complete Works tender Works contract Works commence Works 50% Works 100% approved signed signed launched signed complete complete

Loan/Grant Serious delay: Critical path: On track: Disbursed 2+ years 1-2 years delay <1 year delay

27 MONITORING REPORT

STATUS OF THE JOINT LENDING FACILITY

Signed loans have reached €6.5bn on a total of 99 projects for €12.8bn investments in region. Transport sector is the primary receiver of loans (52% of total), followed by social (18% of total), environment (15% of total) and energy (14% of total) projects. Serbia, Bosnia and Herzegovina, North Macedonia and Albania are the preferred candidates for loans.

Figure 3.1 | Cumulative value of signed loans

7 6 6.2 6.5 5 5.8 5.3 4 4.7 5.0 3 3.8

Value (bn) 3.3 2.9 3.2 2 2.5 1 1.6 0.7 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Year

Figure 3.2 | Signed loans by sector (€bn) Estimated loans by sector (€bn)

0.02 0.3 1.0 0.7 0.8 3.2 1.2 3.4

0.9 2.5

Figure 3.3 | Signed loans per beneficiary

3,000

2,500 2,598

2,000

1,500 1,759 Value ( €m) 1,000

500 591 470 265 250 299 313 0 ALB BIH KOS MNE MKD SRB REG HRV Beneficiary

28 With €3.4bn for 24 projects and €143m per project on average, transport sector has the largest share of signed loans due to the financing of priority projects on Core Corridors, which have loans signed or close to signature at the approval of the grants. As a result of several supported investment programmes, social sector has contracted €1.2 billion for 19 projects, with €65m per project on average. Environment and energy sectors have lower shares of signed loans: €990m for 36 projects and €28m per project on average in the environment sector, and €861m for 18 projects and €48m per project on average in the energy sector. Two projects have signed loans in the digital sector: €22.3m in total and €11m per project on average.

Table 3.1 | Breakdown of loans and estimated project value by sector Sector No. of Grant No. of Estimated Total loans Loans Estimated Signed grants amount projects project (€bn) signed loans loans to (€m) value (€bn) (€bn) total loans (€bn) ratio (%) Digital infrastructure 13 8.5 11 0.5 0.3 0.02 0.3 7% Energy 77 246.9 52 5.0 3.4 0.9 2.5 26% Environment 94 149.7 59 2.8 1.7 1.0 0.7 59% Social 49 52.0 28 3.4 2.0 1.2 0.8 60% Transport 124 962.9 57 10.4 6.6 3.4 3.2 52% Private sector 4 8.5 3 0.3 - - - - development Total net of 361 1,428 210 22.4 14.0 6.5 7.5 46% cancellations

Figure 3.4 | Progressive development of the portfolio by year

300

250

200

150 Number

100

50

0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Year

Grant completed Loans signed Tendering Implementation Projects completed

Of the 99 projects with signed loans, 17 projects with €495m in loans for €893m investments have been completed, while 58 projects with €4.6bn in loans for €9bn estimated investments have progressed to tendering and implementation/construction. In terms of investment per sector, transport and energy have the largest share of the total estimated project value, with €10.4bn (46% of portfolio) and €5bn (22% of portfolio) respectively, followed by social sector with €3.4bn (15% of portfolio), environ- ment with €2.8bn (13% of portfolio), digital infrastructure with €0.5bn (2% of portfolio), and private sector development with €0.3bn (1% of portfolio).

Progress of supported projects Currently, the WBIF portfolio consists of 210 projects. Of these, 41 projects have been completed to date: 21 infrastructure projects for €913m investments and 20 studies worth over €14m. Another 62 projects for €9.5bn estimated investments are under implementation or tendering for works, and 107 projects for €12bn estimated investments are at various stages of preparation.

29 MONITORING REPORT

Figure 3.5 | Status of projects in the portfolio

250 25 22.4 200 20 €bn) 150 15

12.0 100 10 9.3 No. of projects Estimated value ( 50 0.9 0.2 5 41 57 5 107 210 0 0 Completed Implementation Tendering Preparation Total net of cancellations

Number Estimated value (€bn)

30 ANALYSIS OF THE INVESTMENT PORTFOLIO

Financial leverage WBIF works on the principle of leverage. Each grant aims at mobilising loans and other financial flows for an overall investment (total project value) exceeding the size of the WBIF grant support. The leverage reflects the additional amount of finance a grant can help mobilise as a financial input into an investment project that will deliver beneficial results in line with policy objectives. It is about reaching scale with limited grants potentially leveraging large amounts of investment and delivering enhanced de- velopment impact, i.e. generating results that, in a given context, could not have happened without the grant element. There- fore, leverage is closely liked to additionality and rationale. In the context of WBIF, leverage is calculated as signed loans in relation to the total volume of approved grants. Thus, the WBIF financial leverage is 5x and varies from 3 to 24 times the grant component, depending on sector, beneficiary and project spe- cifics.

Figure 4.1 | WBIF leverage by sector (signed loans to grants)

Digital 3 infrastructure

Energy 3

Environment 7

Social 24

Transport 4

0 5 10 15 20 25 30 Leverage

WBIF’s efforts to pool grant resources in order to leverage loans for priority infrastructure projects is effective. Overall, the finan- cial leverage in the energy and transport projects is 3x and 4x respectively and increases to 7x in the environment sector and 24x in the social sector. Digital infrastructure includes only projects at early preparatory stages, which explains the leverage ratio in this sector. Private sector development is not considered in the calculation of the leverage effect due to the fact that no loans have been signed for this sector. The leverage also varies with the type of grants allocated. The average leverage for projects co-financed by investment grants is 3x and it ranges from 3x in the energy and transport sectors to 7x in the social sector.

Figure 4.2 | Leverage for projects benefiting from investment grants (signed loans to grants)

8

7 7 6

5

4

Leverage 4 3 3 3 2

1

0 Energy Environment Social Transport

31 MONITORING REPORT

For projects supported only by TA grants, the average leverage is 42x, with the lowest effect in the environment sector (23x) and the highest in the transport sector (97x). These ratios depend on project maturity and are expected to decrease with the progressive development of projects and their co-financing by investment grants.

Figure 4.3 | Leverage for projects benefiting only from TA grants (signed loans to grants)

100 97 80

60

Leverage 40

32 33 20 23

0 Energy Environment Social Transport

Project results Of the 210 projects in the portfolio, only infrastructure projects completed, under implementation or tendering and those under preparation that moved passed the feasibility stage (i.e. feasibility studies completed or close to completion) are considered in this analysis. The calculation of the results follows the methodology developed for TA and investment grant applications. The results are based on project indicators available in grant applications, technical documentation and in the public domain. For projects approved from 2016 onwards, the results are taken from grant applications; for older projects, data from grant applications, technical documentation and the public domain were used in the calculation of the results.

ENERGY SECTOR

Achieved results (2009 - 2020) • 123 MW electricity from renewable sources • 62 public buildings renovated and over 590,000 CO2 t/year avoided • District heating systems upgraded in 22 cities and towns Expected results (2021 - 2030) • 1,238 km of electricity transmission lines upgraded • 1,156 MW electricity from renewable sources • Stable and competitive energy supply for people and businesses • 656 km of gas pipelines • 132 public buildings renovated

ENVIRONMENT SECTOR Achieved results (2009 - 2020) • Improved water/wastewater systems for 2.1 million people • 640,000 people protected from floods • Efficient solid waste services for 186,000 people • Flood forecasting and warning system for 5.4 million people in the Sava River Basin

Expected results (2021 - 2028) • Improved water/wastewater systems for 6.1 million people • Over 4.8 million people protected from floods 32 • Efficient solid waste services for 1.2 million people

SOCIAL SECTOR Achieved results (2009 - 2020) • Better schools for 96,600 students/year • 5 higher education and research facilities • Healthcare and treatment facilities for 1.8 million people • 7 new and refurbished judiciary facilities

Expected results (2021 - 2027) • Better schools for 150,000 students/year • 35 higher education and research facilities • Healthcare and treatment facilities for 9.7 million people • Social housing solutions for at least 8,200 people • Basic infrastructure for 35,000 people in rural areas • 4 new and refurbished judiciary facilities

TRANSPORT SECTOR Achieved results (2009 - 2020) • 800 km of local and regional roads • 137 km of motorways • Enhanced urban mobility for over 1.3 million people in Belgrade Expected results (2021 - 2030) • 625 km of motorways, 2 cross-border bridges and facilities • 1,383 km of railway lines rehabilitated, 1 joint border station • 1 maritime and 2 inland ports renovated • Improved navigability on 40 km of waterway

33 MONITORING REPORT

ANNEXE: 2008-2020 APPROVED GRANTS BY BENEFICIARY

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) ALBANIA DIGITAL INFRASTRUCTURE WB19-ALB-DII-01 Albania, Regional Broadband Infrastructure Development: Feasibility Study FS 522,600 EIB IPF IPF8 18/06/18 Finalised 04/09/20 Albania, Pilot Project for Rural Broadband Development in Shkodra, Pending 24,000,000 EIB Estimated WB22-ALB-DII-02 ESIA, DD, TD 703,500 EIB IPF IPF 17/12/19 PRJ-ALB-DII-001 Tropoja, Kukës and Dibra: Detailed Design, ESIA, Tender Documents ToR 196,469,000 Preparation Albania, Broadband Development in White Areas in Vlora, Gjirokastra, Fier, Pending WB24-ALB-DII-01 ESIA, DD, TD 804,000 EIB IPF IPF 30/12/20 32,663,180 EIB Estimated Berat, Korçë: Detailed Design, ESIA, Tender Documents ToR Albania, Development of a Broadband Atlas for Albania: Pre-feasibility Pending PRJ-ALB-DII-016 WB23-ALB-DII-01 PFS 251,250 AFD IPF IPF 10/06/20 2,750,000 AFD Estimated 6,000,000 Preparation Study ToR Albania, Smart Cities – Smart Villages: Conceptual Design, Feasibility Study Pending PRJ-ALB-DII-018 WB23-ALB-DII-02 CD, FS, ESIA 191,955 EBRD IPF IPF 10/06/20 4,500,000 EBRD Estimated 5,775,000 Preparation and ESIA for Three Pilot Cities ToR

Albania, Regional HPC Infrastructure, Interconnection of Regional Pending PRJ-ALB-DII-022 WB23-ALB-DII-04 University Campuses via WB NREN to the Infrastructure and Upgraded HPC- PFS 402,000 EIB IPF IPF 10/06/20 15,000,000 EIB Estimated 24,700,000 Preparation hosting Data Centre: Pre-feasibility Study, Needs Assessment ToR

PRJ-ALB-DII-033 WB24-ALB-DII-04 Albania, Digital Infrastructure Improvement in the Pre-University System: PFS EWBJF AFD 30/12/20 Preparation 31/12/21 28,400,000 AFD Estimated 48,000,000 Preparation Pre-feasibility Study 520,000 AFD ENERGY PRJ-ALB-ENE-001 TA-ALB-11 Upgrade of Transmission System PFS, SS 180,000 KfW IPF IPF1 14/06/08 Finalised 01/06/09 180,000 Completed PRJ-ALB-ENE-002 WB11-ALB-ENE-01 Gas Masterplan and Project Identification Plan for Albania ID, SEA 1,105,500 EBRD IPF IPF4 12/06/14 Finalised 17/05/17 1,100,000 Completed Feasibility Study for Construction of 220 kV Double Circuit Line Tirana 2 – TA3-ALB-ENE-01 FS, DD, TMA, OTH 577,000 KfW IPF IPF2 08/12/09 Finalised 01/12/10 Razhbull and New 220/110 kV 120 MVA Substation in Rrogozhina PRJ-ALB-ENE-003 40,000,000 KfW Signed 46,154,605 Tendering Feasibility Study for Construction of 220/110 kV 120 MVA Substation in WB4-ALB-ENE-01 FS 577,605 KfW IPF IPF2 25/06/10 Finalised 01/12/11 Tirana 3 and Reinforcement of 110 kV Tirana Ring Feasibility Study for 220 kV Double Circuit Line Elbasan 1 – Fieri and WB6-ALB-ENE-03 FS, ESIA 850,000 KfW IPF IPF3 07/12/11 Finalised 24/09/14 220/110 kV 120 MVA Kucova Substation Detailed Design for 400 kV OHTL Elbasan – Bitola and Extension of Elbasan PRJ-ALB-ENE-004 WB12-ALB-ENE-01 ESIA, DD 600,000 KfW EWBJF KfW 09/12/14 Finalised 29/12/20 50,000,000 KfW Signed 69,976,000 Implementation 2 Substation WB-IG00-ALB- ToR Albania – North Macedonia Power Interconnection: Grid Section in Albania CF, SAM 14,294,000 KfW EWBJF KfW 16/12/15 30/12/22 ENE-01 completed PRJ-ALB-ENE-008 WB17-ALB-ENE-03 Skavica Hydropower Plant: Feasibility Study and ESIA FS, ESIA 1,507,500 EBRD IPF IPF6 14/06/17 Terminated 17/03/21 Cancelled PRJ-ALB-ENE-014 WB20-ALB-ENE-01 Albania, Dumrea Underground Natural Gas Storage: Feasibility Study, ESIA FS, ESIA 1,005,000 EBRD IPF IPF9 06/12/18 Execution 13/11/21 30,000,000 EBRD Estimated 75,370,000 Preparation Albania, Fier – Vlora Gas Transmission Pipeline: Detailed Design, Tender PRJ-ALB-ENE-020 WB20-ALB-ENE-04 DD, TD 1,105,500 EBRD IPF IPF7 06/12/18 Execution 23/11/21 10,625,669 EBRD Estimated 17,483,504 Preparation Dossier WB-IG05-ALB- Terms PRJ-ALB-ENE-021 Rehabilitation of Fierza Hydropower Plant in Albania CF, TMA, CV 8,548,000 KfW EWBJF KfW 30/12/20 Preparation 29/08/27 27,200,000 KfW 42,660,000 Preparation ENE-01 agreed ENVIRONMENT TA2-ALB-ENV-01 Wastewater and Sanitation in Lezha and Shengjin DD 180,000 KfW IPF IPF2 20/03/09 Finalised 01/03/12 PRJ-ALB-ENV-001 MW-ALB-ENV- Delegation 16,000,000 KfW Repaying 31,860,000 Completed Water Supply and Sewage in Gjirokastra and Fier CF 4,680,000 KfW KfW 20/03/09 Finalised 31/12/15 CEB;KFW-02 agreement MW-ALB-ENV- Delegation PRJ-ALB-ENV-002 Pogradec Water Supply and Wastewater Collection Systems CF 3,500,000 KfW KfW 20/03/09 Finalised 31/12/15 10,000,000 KfW Repaying 13,500,000 Completed CEB;KFW-03 agreement TA2-ALB-ENV-02 Water Supply and Sewerage in Kamza FS 450,000 KfW IPF IPF1 20/03/09 Finalised 01/02/11 PRJ-ALB-ENV-003 MW-ALB-ENV- Delegation 6,500,000 KfW Repaying 12,550,000 Completed Kamza Water and Sanitation CF 5,500,000 KfW KfW 20/03/09 Finalised 14/01/17 CEB;KFW-06 agreement Upgrading of Kavaja Wastewater Treatment Plant and Completion of PRJ-ALB-ENV-004 TA2-ALB-ENV-03 DD 350,000 CEB IPF IPF2 20/03/09 Finalised 01/05/11 9,700,000 Completed Sewerage Network in Golemi PRJ-ALB-ENV-006 TA3-ALB-ENV-02 Detailed Design for Water Supply and Sewerage Systems for Elbasan City DD 500,000 KfW IPF IPF3 08/12/09 Cancelled Cancelled Feasibility Study and Detailed Design for Improvement of Flood Protection TA3-ALB-ENV-03 FS 400,000 EIB IPF IPF2 08/12/09 Finalised 01/05/12 Infrastructure in Albania PRJ-ALB-ENV-007 2,939,000 EIB Estimated 8,360,000 Preparation Albania, Mati River Flood Protection Infrastructure: ESIA, Detailed Design, WB19-ALB-ENV-01 ESIA, DD, TD 452,250 EIB IPF IPF8 18/06/18 Execution 21/04/21 Tender Dossier

34 35 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€)

Feasibility Study and Design Documentation for Water Supply and 475,000 EWBJF PRJ-ALB-ENV-008 WB5-ALB-ENV-06 FS, EIA, DD, ATP, TMA EIB EIB 23/06/11 Cancelled Cancelled Sanitation Measures in Durrës City and Region 475,000 EIB PRJ-ALB-ENV-009 WB6-ALB-ENV-10 Feasibility Study for Construction of Vlora Regional Sanitary Landfill FS 1,000,000 KfW EWBJF KfW 07/12/11 Finalised 31/12/15 12,000,000 KfW Disbursing 21,834,862 Implementation Feasibility Studies, Detailed Design and Supervision Services for PRJ-ALB-ENV-010 WB10-ALB-ENV-01 ID, FS 750,000 KfW EWBJF KfW 04/12/13 Finalised 31/12/17 24,000,000 KfW Disbursing 36,220,000 Implementation Construction/Reconstruction of Water Supply Systems in Rural Areas 550,000 EWBJF PRJ-ALB-ENV-011 WB4-ALB-ENV-05 Feasibility Study and Detailed Design for Construction of Regional Landfill FS, DD, ATP, SOW KfW KfW 25/06/10 Cancelled Cancelled 550,000 CEB Shkodra/Skadar Lake Area, Shiroka and Zogaj Villages, Water Supply and PRJ-ALB-ENV-013 WB17-ALB-ENV-02 Sewage Systems and Improvement of Waste Management: Feasibility FS, ESIA 402,000 EBRD IPF IPF6 14/06/17 Execution 31/03/21 7,500,000 EBRD Estimated 15,530,000 Preparation Study, ESIA Albania, Water Sector Performance and Investment Programme/Municipal PRJ-ALB-ENV-015 WB18-ALB-ENV-01 FS, ESIA 1,456,000 KfW EWBJF KfW 13/12/17 Execution 29/06/21 80,000,000 KfW Estimated 135,000,000 Implementation Infrastructure V: Feasibility Studies, Preliminary Designs Albania, Water Supply and Sewerage Systems in Himara Municipality and WB19-ALB-ENV-02 DD, TD, ATP 1,872,000 KfW EWBJF KfW 18/06/18 Execution 27/11/21 Its Coastal Villages: Detailed Design, Tender Dossier PRJ-ALB-ENV-017 40,000,000 KfW Signed 48,420,000 Implementation Albania, Water Supply and Sewerage Systems in Himara Municipality and WB21-ALB-ENV-03 SOW, CV 2,308,800 KfW EWBJF KfW 26/06/19 Execution 30/06/24 Its Coastal Villages: Supervision of Works Albania, Flood Protection Infrastructure on Erzen-Ishem, Shkumbin, Seman ToR PRJ-ALB-ENV-026 WB20-ALB-ENV-02 FS, ESIA, PIU 2,010,000 EIB IPF IPF10 06/12/18 51,000,000 EIB Estimated 105,000,000 Preparation and Vjosa Rivers: Feasibility Study, ESIA completed Albania, Elbasan Functional Waste Area: Feasibility Study, ESIA, PIU PRJ-ALB-ENV-029 WB21-ALB-ENV-01 FS, ESIA, PIU 502,500 KfW IPF IPF9 26/06/19 Execution 16/09/21 23,000,000 KfW Estimated 50,100,000 Preparation Support PRJ-ALB-ENV-031 WB21-ALB-ENV-02 Albania, Fier Functional Waste Area: Feasibility Study, ESIA, PIU Support FS, ESIA, PIU 502,500 KfW IPF IPF9 26/06/19 Execution 16/09/21 23,500,000 KfW Estimated 63,000,000 Preparation SOCIAL Education, Excellence and Equity Project (EEE-P) and Rehabilitation of PRJ-ALB-SOC-001 TA-ALB-10 TMA 1,500,000 CEB IPF IPF1 14/06/08 Finalised 01/04/12 14,000,000 CEB Signed 61,100,000 Completed Tirana Schools Phase 2 PRJ-ALB-SOC-002 TA-ALB-04 Tirana University Hospital Centre Reform Programme Phase 2 FS, EIA, TMA, OTH 480,000 CEB IPF IPF2 14/06/08 Finalised 01/07/10 15,930,000 CEB Disbursing 32,347,292 Implementation Masterplan and Feasibility Study for Communal Infrastructure Works in the PRJ-ALB-SOC-003 WB6-ALB-SOC-14 ID, FS 1,000,000 CEB EWBJF CEB 07/12/11 Finalised 31/12/17 28,700,000 CEB Repaying 37,316,447 Implementation Albanian Alps Area Albania, Academic and Recreational Infrastructure for the Student City of PRJ-ALB-SOC-023 WB21-ALB-SOC-01 FS, PD 502,500 EIB IPF IPF 26/06/19 Cancelled Cancelled the University of Tirana: Feasibility Study, Preliminary Design TRANSPORT MW-ALB-TRA- Delegation PRJ-ALB-TRA-001 Feeder Roads CF 9,000,000 KfW KfW 20/03/09 Finalised 22/03/17 15,000,000 KfW Repaying 24,600,000 Completed CEB;KFW-07 agreement Feasibility Study for Track Renewal, Signalling and Communication TA-ALB-06 FS 1,500,000 EBRD IPF IPF1 14/06/08 Finalised 01/06/09 Systems in the Whole Albanian Railway Network Detailed Design for Tirana – Durrës Railway Section and Economic Financial PRJ-ALB-TRA-002 WB4-ALB-TRA-09 EFA, DD 1,250,000 EBRD EWBJF EBRD 25/06/10 Finalised 31/12/17 36,755,000 EBRD Signed 89,930,000 Implementation Appraisal for the Whole Railway Network WB-IG01-ALB- Mediterranean Corridor: Montenegro – Albania – Greece Rail CF, SAM, CV 36,245,700 EBRD EWBJF EBRD 15/12/16 Execution 10/09/24 TRA-01 Interconnection, Durrës – Tirana Section and New Railway to Rinas Branch 2,000,000 EWBJF 50,000,000 EBRD Repaying PRJ-ALB-TRA-003 WB1-ALB-TRA-01 Regional and Local Roads DD, SOW, TMA 1,000,000 EBRD EBRD SSF EBRD 08/12/09 Finalised 31/12/16 138,500,000 Completed 50,000,000 EIB Signed 1,000,000 EIB

250,000 EWBJF 35,000,000 EIB Disbursing 26,000,000 EIB Repaying PRJ-ALB-TRA-004 WB4-ALB-TRA-08 TA for Project Implementation Roads Sector TMA 250,000 EIB EIB EIB 25/06/10 Finalised 31/12/15 145,460,000 Implementation 250,000 EBRD 61,000,000 EBRD Estimated WB7-ALB-TRA-12 Feasibility Study for Tirana Bypass (Kashar – Vaqarr – Mullet) FS, EFA, EIA, PD 1,005,000 EBRD IPF IPF2 14/06/12 Finalised 01/05/14 WB16-ALB-TRA-02 Detailed Design for Tirana Bypass (Kashar – Vaqarr – Mullet) ESIA, DD, TD 1,507,500 EBRD IPF IPF5 15/12/16 Execution 31/12/20 Tender PRJ-ALB-TRA-005 109,208,257 EBRD Estimated 150,933,091 preparation WB-IG05-ALB- Mediterranean Corridor: Tirana Bypass in Albania CF, SOW, TMA, CV 32,611,306 EBRD EWBJF EBRD 30/12/30 Preparation 29/03/23 TRA-01 PRJ-ALB-TRA-006 WB8-ALB-TRA-13 Feasibility Study and Preliminary Design for Two Tram Lines in Tirana FS, PD 375,000 EBRD EWBJF EBRD 06/12/12 Cancelled Cancelled Feasibility Study for Rehabilitation of Durrës – Pogradec – Lin Railway Line WB13-ALB-TRA-01 PFS, CD, FS, EFA, EIA 723,600 EIB IPF IPF4 17/06/15 Finalised 07/12/18 25,070,000 EIB Estimated and New Railway Link to the Border with North Macedonia PRJ-ALB-TRA-007 291,020,000 Preparation Comprehensive Network, Corridor VIII, Durres – Rrogozhine Railway WB21-ALB-TRA-01 ESIA, DD, TD 1,708,500 EIB IPF IPF8 26/06/19 Execution 13/09/21 111,030,000 EIB Estimated Section: Detailed Design, Tender Dossier

36 37 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) WB15-ALB-TRA-01 Detailed Design for Rehabilitation of Vora – Hani Hotit Railway Line DD, TD 804,000 EBRD IPF IPF 17/06/16 Cancelled PRJ-ALB-TRA-008 31,000,000 EBRD Estimated 127,220,000 Preparation WB16-ALB-TRA-01 Detailed Design for Rehabilitation of Vora – Hani Hotit Railway Line ESIA, DD, TD 4,522,500 EBRD IPF IPF6 15/12/16 Execution 01/05/21 Durrës Port, Reconstruction of Quays 1 & 2: Pre-feasibility Study, Feasibility WB17-ALB-TRA-01 PFS, FS, ESIA, DD, TD 1,105,500 EBRD IPF IPF7 14/06/17 Execution 07/06/21 Study, ESIA, Detailed Design Review and Update, Tender Documentation PRJ-ALB-TRA-013 25,000,000 EBRD Estimated 62,450,000 Preparation WB-IG03-ALB- Reconstruction of Durrës Port, Quays 1 & 2 CF, ATP, TMA, SOW, CV 27,672,000 EBRD EWBJF EBRD 06/12/18 Preparation 31/12/26 TRA-01 Adriatic-Ionian Corridor, Construction of Lezha Bypass: Feasibility Study, PRJ-ALB-TRA-015 WB17-ALB-TRA-02 FS, ESIA 351,750 EBRD IPF IPF6 14/06/17 Cancelled Cancelled ESIA Mediterranean Corridor, Murriqan – Lezhë Route 2b Highway Section: ToR PRJ-ALB-TRA-016 WB24-ALB-TRA-01 ESIA, PD 1,608,000 EBRD IPF IPF10 30/12/20 127,929,126 EBRD Estimated 255,163,215 Preparation Preliminary Design, ESIA completed BOSNIA AND HERZEGOVINA ENERGY Terms PRJ-BIH-ENE-001 WB5-BIH-ENE-05 Wind Farm Poklecani FS, EIA 380,000 EIB IPF IPF1 23/06/11 Finalised 01/01/14 110,000,000 EIB 150,000,000 Preparation agreed PRJ-BIH-ENE-002 WB6-BIH-ENE-08 Čaplje Hydropower Plant CD, FS, EIA, SIA, OTH 800,000 EIB IPF IPF3 07/12/11 Cancelled Cancelled PRJ-BIH-ENE-003 WB6-BIH-ENE-07 Krusevo and Zeleni Vir Hydropower Plants FS, EIA 1,000,000 EIB IPF IPF3 07/12/11 Cancelled Cancelled PRJ-BIH-ENE-004 WB9-BIH-ENE-01 Babino selo Hydropower Plant CD, FS, EIA, SIA 750,000 EBRD EWBJF EBRD 13/06/13 Finalised 31/07/19 Cancelled PRJ-BIH-ENE-005 WB9-BIH-ENE-02 Vinac Hydropower Plant CD, FS, EIA, SIA 750,000 EBRD EWBJF EBRD 13/06/13 Cancelled Cancelled PRJ-BIH-ENE-006 WB9-BIH-ENE-03 Pale District Heating Project CF 1,500,000 EBRD EWBJF EBRD 13/06/13 Cancelled Cancelled 35,000,000 EIB Signed PRJ-BIH-ENE-007 WB8-BIH-ENE-11 Smart Metering / AMR System Design and Implementation Support EFA 462,300 EIB IPF IPF3 06/12/12 Finalised 06/03/15 124,900,000 Implementation 25,000,000 EIB Estimated 37,500,000 EIB Disbursing PRJ-BIH-ENE-008 WB7-BIH-ENE-09 Vlašić – Travsnic 50 MW Wind Farm FS, FAA, EIA, PD, OTH 875,000 EIB EWBJF EIB 14/06/12 Finalised 31/12/16 75,840,000 Preparation 35,000,000 EBRD Disbursing Bosnia and Herzegovina, Podveležje Photovoltaic Power Plant: Feasibility FS, ESIA PRJ-BIH-ENE-013 WB24-BIH-ENE-01 364,000 KfW EWBJF KfW 30/12/20 Preparation 31/01/22 26,015,000 KfW Estimated 29,350,000 Preparation Study, Supplementary ESIA Study ENVIRONMENT MW-BIH-ENV- Delegation Bijeljina Wastewater System Project Phase 2 CF 3,000,000 EBRD EBRD 20/03/09 Finalised 28/02/15 4,999,000 EBRD Repaying PRJ-BIH-ENV-001 EBRD-02 agreement 32,155,205 Completed TA3-BIH-ENV-03 Bijeljina Wastewater Treatment Plant Implementation TMA 500,000 EBRD IPF IPF2 08/12/09 Finalised 01/10/12 6,996,205 EBRD Repaying TA-BIH-03 Plava Voda Regional Water Supply Project DD 600,000 EBRD IPF IPF1 14/06/08 Finalised 01/03/15 11,000,000 EBRD Disbursing PRJ-BIH-ENV-002 Reconstruction of Distribution Networks in the Municipalities Connected to 29,900,000 Tendering TA3-BIH-ENV-05 FS 300,000 EBRD IPF IPF1 08/12/09 Finalised 01/02/14 11,000,000 CEB Signed Plava Voda Regional Water Supply Project MW-BIH-ENV- Water and Sanitation in Velika Kladusa, Orasje, Bosanski Petrovac, Posusje, Delegation CF 5,000,000 EIB EIB 20/03/09 Finalised 31/12/15 EIB-01 Siroki Brijeg agreement TA3-BIH-ENV-02 Water and Sanitation in the Federation of Bosnia and Herzegovina ID, PFS, FS, TMA 1,250,000 EIB IPF IPF2 08/12/09 Finalised 01/09/13 WB9-BIH-ENV-03 Water Supply and Sanitation in the Federation of Bosnia and Herzegovina TD, PIU 1,256,250 EIB IPF IPF3 13/06/13 Finalised 24/11/17 PRJ-BIH-ENV-003 WATSAN Programme in the Federation of Bosnia and Herzegovina: 60,000,000 EIB Signed 121,300,000 Implementation WB17-BIH-ENV-01 Extended TA Support for the Implementation and Management of the FS, PD, DD, TD, OTH 1,306,500 EIB IPF IPF7 14/06/17 Execution 10/06/21 Project Bosnia and Herzegovina, WATSAN Programme in the Federation of Bosnia WB-IG04-BIH- and Herzegovina: Water Supply Investments on the Right Side of the River CF 1,530,000 EIB EWBJF EIB 17/12/19 Preparation 31/12/21 ENV-04 Vrbas and Water Loss Reduction in the Municipality of Jajce MW-BIH-ENV- Delegation PRJ-BIH-ENV-004 Water Supply and Sewerage Collection in Luka CF 2,000,000 KfW KfW 20/03/09 Finalised 31/12/14 10,000,000 KfW Repaying 19,100,000 Completed CEB;KFW-04 agreement TA3-BIH-ENV-01 Water and Sanitation in Republika Srpska FS 1,250,000 EIB IPF IPF1 08/12/09 Finalised 01/01/14 WB8-BIH-ENV-27 Water and Sanitation Project in Republika Srpska FS, PIU 1,256,250 EIB IPF IPF1 06/12/12 Finalised 01/03/15 WB12-BIH-ENV-02 Water and Sanitation Project in Republika Srpska FS, PIU, TMA 1,507,500 EIB IPF IPF3 09/12/14 Finalised 19/06/18

PRJ-BIH-ENV-005 Bosnia and Herzegovina, WATSAN Programme in Republika Srpska: IPF5 13/12/17 Finalised 31/12/20 50,000,000 EIB Signed 93,902,750 Implementation WB18-BIH-ENV-01 ID, FS, DD, TD 1,507,500 EIB IPF Project Appraisals, Feasibility Studies, Tender Dossiers IPF9 13/12/17 Preparation Bosnia and Herzegovina, WATSAN Programme in Republika Srpska: Lokanj- WB-IG04-BIH- Pilica Water Supply Phase 1 and Wastewater Treatment Plant for Tabanci in CF 606,900 EIB EWBJF EIB 17/12/19 Execution 31/12/21 ENV-02 the Municipality of Zvornik

38 39 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) Construction of Sewage Collectors and Wastewater Treatment and Disposal PRJ-BIH-ENV-006 WB5-BIH-ENV-16 FS, PD, DD, ATP 300,000 EBRD EWBJF EBRD 23/06/11 Finalised 30/07/17 Cancelled Plant in Cazin WB5-BIH-ENV-17 Flood Risk Management for Republika Srpska TD, ATP, PIU 2,500,000 EIB IPF IPF2 23/06/11 Finalised 01/05/14

Preparation of Flood Hazard and Flood Risk Maps and Support to the PMU TD, ATP, PIU 1,507,500 IPF4 09/12/14 Finalised 31/10/18 55,000,000 EIB Disbursing WB12-BIH-ENV-04 EIB IPF for Flood Risk Management OTH 3,396,900 IPF5 09/12/14 Finalised 30/11/20 PRJ-BIH-ENV-007 Bosnia and Herzegovina, Flood Risk Management Project: Preparation of 104,247,207 Implementation WB19-BIH-ENV-01 OTH 1,793,925 EIB IPF IPF5 18/06/18 Finalised 30/11/20 Flood Hazard and Flood Risk Maps Phase 2 Bosnia and Herzegovina, Flood Risk Management Project: Continuation 19,000,000 EIB Signed WB19-BIH-ENV-03 of Procurement Assistance for the Flood Risk Management Project in TD, ATP, OTH, CV 753,750 EIB IPF IPF8 18/06/18 Execution 10/10/22 Republika Srpska PRJ-BIH-ENV-008 WB5-BIH-ENV-15 Water Leakage Reduction Plan for the Municipality of Tuzla ID, TMA 400,000 KfW IPF IPF2 23/06/11 Finalised 01/12/13 11,000,000 KfW Disbursing 25,058,369 Implementation TD, SOW, TMA 545,000 IPF IPF3 07/12/11 Finalised 30/09/17 PRJ-BIH-ENV-009 WB6-BIH-ENV-19 Water and Sewer Systems in the City of Mostar EIB 60,000,000 EIB Disbursing 121,345,000 Implementation IRS 2,000,000 CEB CEB 07/12/11 Optimisation of Sewage Collectors and Wastewater Treatment Plants in PRJ-BIH-ENV-010 WB8-BIH-ENV-29 FS, EFA, EIA, PD, DD 1,000,000 EBRD EWBJF EBRD 06/12/12 Cancelled Cancelled Modrac Lake Basin

Bosnia and Herzegovina, Regional Sanitary Landfill for Zivinice, Banovici 150,000 WBG Disbursing PRJ-BIH-ENV-016 WB18-BIH-ENV-02 SOW 374,400 EBRD EWBJF EBRD 13/12/17 Preparation 31/12/21 8,093,744 Preparation and Kladanj: Supervision of Works 5,000,000 EBRD Disbursing WB-IG03-BIH- PRJ-BIH-ENV-017 Bosnia and Herzegovina, Gradacac Water Supply Project CF, SAM, CV 2,156,760 EBRD EWBJF EBRD 27/05/19 Execution 22/12/22 6,000,000 EBRD Disbursing 15,800,125 Implementation ENV-03 Bosnia and Herzegovina, Sarajevo Water Project: Technical Assistance for PRJ-BIH-ENV-038 WB23-BIH-ENV-01 SOW 520,000 EBRD EWBJF EBRD 10/06/20 Preparation 25,000,000 EBRD Signed 32,100,000 Preparation Supervision of Works Financed by Tranche 2 Loan WB-IG05-BIH- Bosnia and Herzegovina, Visoko Water Supply Project: Mostre Subsystem PRJ-BIH-ENV-039 CF, CV 1,072,000 EBRD EWBJF EBRD 30/12/20 Preparation 30/09/22 4,500,000 EBRD Disbursing 8,250,000 Preparation ENV-01 and Water Network Reconstruction Phase 3 SOCIAL TA-BIH-01 State Prison Project in Bosnia and Herzegovina FS, PD, TMA 680,000 CEB IPF IPF1 14/06/08 Finalised 01/06/10 DD 1,200,000 IPF IPF1 25/06/10 Finalised 31/03/11 WB4-BIH-SOC-02 Support to the Construction of a Maximum Security State Prison CEB PRJ-BIH-SOC-001 IRS 2,000,000 CEB CEB 25/06/10 19,161,346 CEB Disbursing 38,177,287 Completed PIU IPF3 16/12/15 Finalised 28/06/17 WB14-BIH-SOC-01 Support to the Construction of a Maximum Security State Prison 851,235 CEB IPF OTH IPF5 16/12/15 Finalised 31/12/20 Designing the Medical Faculty, Medical Research Centre and Secondary WB5-BIH-SOC-03 FS, PD, MD 800,000 EIB IPF IPF2 23/06/11 Finalised 31/10/13 Medical School WB14-BIH-SOC-02 Medical Faculty, Research Centre and School DD, TD, OTH 884,400 EIB IPF IPF4 16/12/15 Finalised 31/12/18 PRJ-BIH-SOC-002 100,000,000 EIB Signed 126,544,000 Preparation Bosnia and Herzegovina, Banja Luka Medical Faculty, Centre for Education & Research, Faculty of Healthcare and Secondary Medical School: WB20-BIH-SOC-01 FS, EIA, PD, DD, TD 331,650 EIB IPF IPF8 06/12/18 Execution 16/12/21 Feasibility Study, EIA, Preliminary Design, Detailed Design for Infrastructure and Utility Networks, Auxiliary Facilities WB7-BIH-SOC-04 Support for Vulnerable Persons Living in Collective Accommodation SOW, TMA 1,200,000 CEB EWBJF CEB 14/06/12 Finalised 12/03/21 PRJ-BIH-SOC-003 Bosnia and Herzegovina, Housing and Social Integration of Vulnerable 60,000,000 CEB Disbursing 105,619,384 Implementation WB23-BIH-SOC-01 Persons Living in Collective Accommodation: Technical Assistance for TMA 624,000 CEB EWBJF CEB 10/06/20 Preparation 30/12/22 Project Implementation, Management and Coordination PIU 552,750 IPF IPF2 14/06/12 Finalised 01/05/14 PRJ-BIH-SOC-004 WB7-BIH-SOC-05 Support for Construction of Integra Cultural and Sports Centre in Mostar CEB 12,000,000 CEB Estimated 26,585,000 Preparation IRS 2,000,000 CEB CEB 14/06/12 TRANSPORT Construction of Foca (Brod na Drini) – Hum (Border with Montenegro) Main PRJ-BIH-TRA-001 TA-BIH-06 FS 700,000 EBRD IPF IPF1 14/06/08 Finalised 01/12/12 Cancelled Road 121,000,000 EIB Repaying 75,000,000 EIB Repaying Terms PRJ-BIH-TRA-002 TA-BIH-08 Corridor Vc Phase 2 FS 400,000 EIB IPF IPF1 14/06/08 Finalised 01/03/14 28,040,000 EBRD agreed Terms 40,000,000 CEB agreed

40 41 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) 1,000,000 EWBJF WB1-BIH-TRA-01 Corridor Vc Motorway MD, TMA EIB EIB 08/12/09 Finalised 31/01/14 1,000,000 EIB 100,000,000 EIB Signed Mediterranean Corridor, Bosnia and Herzegovina - Croatia CVc Road WB19-BIH-TRA-01 SOW 5,200,000 EIB EWBJF EIB 18/06/18 Execution 15/02/24 Interconnection, Počitelj - Zvirovići Subsection: Supervision of Works WB-IG00-BIH- Mediterranean Corridor: Bosnia and Herzegovina - Croatia CVc Road CF, SOW, OTH, CV 25,096,600 EIB EWBJF EIB 16/12/15 Execution 28/06/21 45,000,000 EIB Repaying TRA-01 Interconnection, Svilaj - Odžak Section Corridor Vc, Construction of Motorway Section Svilaj - Odzak, Border PIU, TMA WB17-BIH-TRA-04 Crossing and Interstate Bridge on the Sava River: Financial Management 382,805 EIB IPF IPF6 14/06/17 Execution 05/02/21 21,960,000 EBRD Signed and Monitoring of the Project Mediterranean Corridor (Road CVc), Construction of Konjic (Ovčari) - Mostar DD, TD 66,000,000 EBRD Estimated WB18-BIH-TRA-01 North Motorway Section, Subsection Konjic (Ovčari) - Entrance to Tunnel 3,051,180 EBRD IPF IPF8 13/12/17 Execution 18/01/23 Prenj: Detailed Design, Tender Documentation 66,500,000 EIB Estimated Mediterranean Corridor (Road CVc), Construction of Tarčin - Konjic FS, ESIA, DD WB18-BIH-TRA-02 Motorway Section, Subsection Ivan - Ovčari: Feasibility Study, ESIA, 2,512,500 EIB IPF IPF9 13/12/17 Execution 17/09/22 256,650,000 EIB Estimated Detailed Design WB-IG01-BIH-TRA- Mediterranean Corridor: Bosnia and Herzegovina - Croatia CVc Road CF, SOW, CV 19,442,000 EIB EWBJF EIB 02/07/18 Execution 09/02/24 50,000,000 EIB Signed 01a Interconnection, Ponirak - Vraca / Zenica Tunnel Segment ToR WB-IG01-BIH-TRA- Mediterranean Corridor: Bosnia and Herzegovina - Croatia CVc Road CF, SOW, CV 12,360,040 EBRD EWBJF EBRD 02/07/18 completed 31/01/23 47,160,000 EBRD Signed 01b Interconnection, Zenica Tunnel - Donja Gračanica Segment

WB-IG01-BIH- Mediterranean Corridor: Bosnia and Herzegovina - Croatia CVc Road CF, SOW, CV 15,279,600 EBRD EWBJF EBRD 02/07/18 Execution 31/12/26 58,938,000 EBRD Signed PRJ-BIH-TRA-002 TRA-03 Interconnection, Johovac Interchange - Rudanka Interchange 2,233,292,528 Implementation WB-IG02-BIH- Mediterranean Corridor: Bosnia and Herzegovina – Croatia CVc Road CF, SOW, CV 12,049,600 EIB EWBJF EIB 06/12/18 Execution 29/06/22 57,152,290 EIB Estimated TRA-06 Interconnection, Tarcin – Ivan Subsection I WB-IG02-BIH- Mediterranean Corridor: Bosnia and Herzegovina – Croatia CVc Road CF, SOW, CV 11,755,600 EBRD EWBJF EBRD 06/12/18 Execution 30/05/24 36,820,000 EBRD Signed TRA-07 Interconnection, Tarcin – Ivan Subsection II WB-IG03-BIH- Mediterranean Corridor: Bosnia and Herzegovina – Croatia CVc Road CF, SOW, CV 9,016,323 EBRD EWBJF EBRD 06/12/18 Execution 29/09/23 31,000,000 EBRD Signed TRA-06 Interconnection, Buna – Pocitelj Subsection Mediterranean Corridor, Bosnia and Herzegovina – Croatia CVc Road Interconnection, Konjic (Ovčari) – Prenj Tunnel – Mostar North Subsection: ESIA IPF8 06/12/18 Execution 14/12/21 Gap Analysis and ESIA Disclosure Pack WB20-BIH-TRA-02 3,912,968 EBRD IPF 150,000,000 EBRD Estimated Mediterranean Corridor, Bosnia and Herzegovina – Croatia CVc Road Interconnection, Exit Prenj Tunnel – Mostar North Subsection: Detailed DD IPF8 06/12/18 Execution 18/01/23 Design WB-IG04-BIH- Mediterranean Corridor: Putnikovo Brdo 2 Tunnel – Medakovo Interchange CF, SAM, CV 15,932,000 EBRD EWBJF EBRD 17/12/19 Preparation 31/08/23 48,618,000 EBRD Signed TRA-01 Vc Motorway Subsection in Bosnia and Herzegovina 83,370,520 EBRD Disbursing WB-IG04-BIH- Mediterranean Corridor: Poprikuse – Nemila Vc Motorway Subsection in CF, SAM, CV 42,099,480 EBRD EWBJF EBRD 17/12/19 Preparation 28/02/24 Terms TRA-02 Bosnia and Herzegovina 60,000,000 EIB agreed WB-IG04-BIH- Mediterranean Corridor: Rudanka Interchange – Putnikovo Brdo 2 Tunnel Vc CF, SAM, CV 38,768,800 EBRD EWBJF EBRD 17/12/19 Preparation 31/05/24 122,301,200 EBRD Signed TRA-06 Motorway Subsection in Bosnia and Herzegovina WB-IG04-BIH- Mediterranean Corridor: Kvanj Tunnel – Buna Vc Motorway Subsection in CF, SOW, CV 21,106,084 EIB EWBJF EIB 30/12/20 Preparation 31/03/25 83,618,697 EIB Signed TRA-05 Bosnia and Herzegovina Terms PRJ-BIH-TRA-003 TA2-BIH-TRA-02 Reconstruction of Corridor Vc Sarajevo – Podlugovi Railway Section FS, DD 600,000 EIB IPF IPF2 20/03/09 Finalised 01/08/13 21,900,000 EIB 22,500,000 Preparation agreed

Mahovljani Interchange: Assistance with Institutional Strengthening of RS 150,000 EWBJF PRJ-BIH-TRA-004 WB1-BIH-TRA-03 TMA EBRD EBRD 08/12/09 Finalised 13/09/11 21,000,000 EBRD Disbursing 33,800,000 Completed Motorways 150,000 EBRD SSF 430,000 IPF2 07/12/11 Finalised PRJ-BIH-TRA-005 WB6-BIH-TRA-15 Technical Assistance for Construction of Brcko Bypass TMA EBRD IPF 24/05/16 28,500,000 EBRD Repaying 38,575,000 Completed 120,000 IPF3 07/12/11 Finalised PRJ-BIH-TRA-006 WB6-BIH-TRA-18 Study on Toll Collection and System Design for RS Motorways TMA 300,000 EBRD IPF IPF3 07/12/11 Finalised 09/07/13 300,000 Completed Rail Corridor Vc, Bos. Šamac/Šamac – Sarajevo Track Overhaul: Doboj – PRJ-BIH-TRA-007 WB5-BIH-TRA-14 FS, DD 1,000,000 EIB IPF IPF2 23/06/11 Finalised 01/04/14 86,000,000 EIB Signed 128,800,000 Preparation Maglaj and Jelina – Zenica Sections WB-IG00-BIH- Mediterranean Corridor (R2a): Bosnia and Herzegovina – Croatia Road PRJ-BIH-TRA-008 CF, SOW, CV 3,230,316 EIB EWBJF EIB 16/12/15 Execution 29/12/22 65,000,000 EIB Repaying 71,330,449 Implementation TRA-02 Interconnection (Gradiška) WB-IG01-BIH- Tender PRJ-BIH-TRA-009 Reconstruction and Modernisation of the River Port of Brčko Phase 1 CF, CV 3,080,800 EBRD EWBJF EBRD 02/12/19 Preparation 14/07/23 7,000,000 EBRD Signed 10,270,000 TRA-04 preparation WB-IG05-BIH- Rhine/Danube Corridor: Demining the Right Bank of the Sava River in Terms PRJ-BIH-TRA-092 CF 8,160,000 WBG EWBJF WBG 30/12/20 Preparation 28/09/22 30,000,000 WBG 38,000,000 Preparation TRA-08 Bosnia and Herzegovina agreed

42 43 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) CROATIA ENERGY PRJ-HRV-ENE-001 WB5-HR-ENE-03 Documentation for Wind and Solar Projects in Splitsko-dalmatinska County FS, EFA, FAA, EIA, PD 500,000 KfW EWBJF KfW 23/06/11 Cancelled Cancelled PRJ-HRV-ENE-002 WB5-HR-ENE-04 Documentation for Ozalj Small Hydropower Plant FS, EFA, FAA, EIA, PD 500,000 KfW EWBJF KfW 23/06/11 Cancelled Cancelled WB5-HR-ENE-01 LNG Regasification Vessel FS, EIA, PD 1,000,000 EBRD IPF IPF2 23/06/11 Finalised 01/06/14 PRJ-HRV-ENE-003 Cancelled WB5-HR-ENE-02 LNG Evacuation Gas Pipelines Omišalj – Zlobin – Rupa (Slovenia) EFA 180,000 EBRD IPF IPF2 23/06/11 Finalised 01/11/13 Feasibility Study including ESIA and CBA for Regulation and Development PRJ-HRV-ENE-004 WB8-HR-ENE-11 CD, FS, EFA, ESIA 1,507,500 EBRD IPF IPF3 06/12/12 Finalised 30/06/19 500,000,000 EBRD Estimated 1,200,000,000 Preparation of the Sava River in PRJ-HRV-ENE-006 WB9-HR-ENE-01 JANAF Oil Pipeline Upgrading EFA, EIA, SIA, PD, ATP, TMA 1,600,000 EBRD EWBJF EBRD 13/06/13 Cancelled Cancelled SOCIAL PRJ-HRV-SOC-001 TA3-HR-SOC-01 Construction of Penitentiary / Prison Complex in Sibenik FS 800,000 CEB IPF IPF1 08/12/09 Cancelled Cancelled WB6-HR-SOC-03 Zadar University: New Campus and University Learning Resource Centre FS, FAA, EIA, PD 800,000 EIB IPF IPF3 07/12/11 Finalised 20/09/18 300,000,000 EIB Disbursing PRJ-HRV-SOC-002 TMA 312,000 IPF5 13/06/13 Execution 31/12/20 610,000,000 Preparation WB9-HR-SOC-02 Zadar University: New Campus and University Learning Resource Centre EIB EWBJF 300,000,000 EIB Estimated DD 936,000 IPF7 13/06/13 Execution 16/08/21

Student Accommodation Infrastructure at the Universities of Rijeka and 1,400,000 EWBJF PRJ-HRV-SOC-003 WB7-HR-SOC-04 FS, EFA EIB EIB 14/06/12 Cancelled Cancelled Osijek 1,400,000 EIB Reconstruction and Construction of Departments/Centres in Health PRJ-HRV-SOC-004 WB9-HR-SOC-01 FS, EIA, SIA, PD, DD, ATP 1,500,000 CEB EWBJF CEB 13/06/13 Cancelled Cancelled Institutions Construction and Development of the South East European Centre for WB5-REG-SOC-01 ID, FS, PD, DD 1,584,000 EIB IPF IPF2 23/06/11 Finalised 01/04/14 12,718,558 EIB Disbursing PRJ-HRV-SOC-006 Entrepreneurial Learning (SEECEL) 843,120,000 Implementation WB11-REG-SOC-01 TA Services for Implementation of SEECEL Centre MD, ATP, SOW 1,326,600 EIB IPF IPF4 12/06/14 Finalised 03/03/17 257,281,442 EIB Estimated KOSOVO DIGITAL INFRASTRUCTURE

Kosovo, Connecting Primary and Secondary Schools in Kosovo: Feasibility ToR 11,850,000 EIB Estimated PRJ-KOS-DII-001 WB22-KOS-DII-01 FS 804,000 EIB IPF IPF9 17/12/19 25,580,000 Preparation Study and Cost-Benefit Analysis completed 11,850,000 CEB Estimated Kosovo, Advancing Digital Connectivity for Economic Development in the Pending PRJ-KOS-DII-005 WB23-KOS-DII-01 PFS 351,750 EIB IPF IPF 10/06/20 20,550,000 EIB Estimated 21,300,000 Preparation Municipality of Prizren: Pre-feasibility Study ToR ENERGY MW-KOS-ENE- Delegation Improvement of District Heating in Pristina CF, PIU, TMA 14,000,000 KfW KfW 20/03/09 Finalised 31/12/16 KFW-02 agreement PRJ-KOS-ENE-001 5,000,000 KfW Repaying 37,684,971 Completed TA3-KOS-ENE-03 Improvement of District Heating Phase 2 CHP FS 375,000 KfW IPF IPF2 08/12/09 Finalised 01/04/11

WB4-KOS-ENE-05 Energy Efficiency Measures in Public Buildings FS 600,000 KfW IPF IPF1 25/06/10 Finalised 01/01/12 PRJ-KOS-ENE-003 2,500,000 KfW Signed 8,000,000 Tendering Implementation of Energy Efficiency Measures in Public Buildings at CD, DD, TD, ATP, PIU, SAM, SOW, WB7-KOS-ENE-09 2,500,000 KfW EWBJF KfW 14/06/12 Execution 29/06/28 Municipality Level TMA, WS, IRS

PRJ-KOS-ENE-004 WB7-KOS-ENE-08 Energy Efficiency Measures in Central Public Buildings FS, FAA, TMA 700,000 WBG EWBJF WBG 14/06/12 Finalised 31/12/16 27,720,000 WBG Disbursing 28,392,000 Implementation

Feasibility Study - Fuel Switching and System Expansion for District Heating WB8-KOS-ENE-11 FS 301,500 KfW IPF IPF2 06/12/12 Finalised 01/02/14 in Gjakova PRJ-KOS-ENE-005 Cancelled WB10-KOS-ENE-01 District Heating Rehabilitation in Gjakova FS, EIA, SIA 603,000 EC IPF IPF3 04/12/13 Finalised 11/01/18

Pending 75,000,000 EIB Estimated PRJ-KOS-ENE-009 WB21-KOS-ENE-01 Kosovo, District Heating Systems: Feasibility Study, ESIA FS, ESIA 2,010,000 EIB IPF IPF 26/06/19 154,160,000 Preparation ToR 75,000,000 EBRD Estimated Kosovo, Gas Development Plan and Regulatory Framework Review and ToR PRJ-KOS-ENE-011 WB21-KOS-ENE-02 TMA 1,507,500 EBRD IPF IPF9 26/06/19 1,500,000 Preparation Assistance completed Assessment of Alternatives to Deliver Utility-Scale Dispatchable Renewable PRJ-KOS-ENE-012 WBEC-KOS-ENE-01 SS 150,000 n/a IPF IPF7 29/10/20 Execution 13/06/21 150,000 Implementation Power to Kosovo

44 45 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) ENVIRONMENT MW-KOS-ENV- Delegation PRJ-KOS-ENV-001 Rehabilitation of Water Supply and Sewage Network in Pristina CF 11,000,000 KfW KfW 20/03/09 Finalised 30/04/18 6,000,000 KfW Disbursing 17,072,500 Completed KFW-01 agreement Project Preparation, Feasibility Studies for Wastewater Treatment Plants in TA3-KOS-ENV-01 FS 1,750,000 KfW IPF IPF1 08/12/09 Finalised 01/03/15 Kosovo PRJ-KOS-ENV-002 66,000,000 Signed 147,200,000 Preparation Kosovo, Sewage and Rainwater Network for Pristina Agglomeration: WB21-KOS-ENV-03 FS, CV 520,000 KfW EWBJF KfW 17/12/19 Execution 21/02/22 Feasibility Study/Masterplan

PRJ-KOS-ENV-003 WB7-KOS-ENV-05 Strengthening Waste Management ID, FS, FAA, EIA 400,000 WBG EWBJF WBG 14/06/12 Finalised 30/06/15 384,615 Completed

PRJ-KOS-ENV-004 WB7-KOS-ENV-06 Feasibility Study for Protection of Iber Canal FS 500,000 WBG EWBJF WBG 14/06/12 Finalised 30/04/16 23,000,000 WBG Signed 24,980,000 Implementation

PRJ-KOS-ENV-005 WB14-KOS-ENV-01 Lepenc Canal: Feasibility Study FS 1,507,500 EBRD IPF IPF5 16/12/15 Finalised 31/12/20 1,500,000 Preparation

PRJ-KOS-ENV-006 TA-KOS-01 Regional Water Company Pristina FS, TMA 300,000 KfW IPF IPF1 14/06/08 Finalised 01/02/10 20,000,000 KfW Repaying 35,200,000 Completed

Kosovo, River Basins Drini i Bardhe, Lepenc and : Preliminary Flood PRJ-KOS-ENV-007 WB18-KOS-ENV-01 OTH 704,577 EIB IPF IPF8 13/12/17 Finalised 22/02/21 11,000,000 EIB Estimated 24,601,072 Preparation Risk Assessment Kosovo, Mitrovica and Gjilan Wastewater Treatment Plants: Tender Dossier, WB20-KOS-ENV-01 TD, PIU 1,352,000 EBRD EWBJF EBRD 06/12/18 Preparation 30/03/24 PIU Support

WB-IG04-KOS- Kosovo, Wastewater Treatment Plant and Sewerage Network Extension and 10,000,000 EBRD Signed PRJ-KOS-ENV-012 CF 2,550,000 ÈBRD EWBJF EBRD 17/12/19 Preparation 31/12/23 55,631,145 Preparation ENV-01 Rehabilitation in Gjilan 10,200,000 EIB Signed

WB-IG05-KOS- 12,312,690 EBRD Estimated Kosovo, Wastewater Treatment Plant and Sewerage Network for Mitrovica CF 5,100,000 EBRD EWBJF EBRD 30/12/20 Preparation 31/12/25 ENV-01 12,312,690 EIB Estimated Kosovo, Development of a Construction and Demolition Waste (CDW) ToR PRJ-KOS-ENV-016 WB21-KOS-ENV-01 OTH 312,000 EBRD EWBJF EBRD 17/12/19 31/12/22 500,000 Preparation Management Plan for Kosovo completed Kosovo, Construction of the Kremenate Dam: Detailed Design Update, PRJ-KOS-ENV-018 WB21-KOS-ENV-02 DD, TD 1,040,000 WBG EWBJF WBG 26/06/19 Preparation 35,600,000 WBG Estimated 48,235,000 Preparation Tender Dossier Kosovo, Water Supply Improvement and Water Resources Protection for Pending PRJ-KOS-ENV-030 WB24-KOS-ENV-03 Gjakova Regional Water Company: Feasibility Study, ESIA, Detailed Design, FS, ESIA, DD, TD 904,500 EIB IPF IPF 30/12/20 33,447,000 EIB Estimated 37,395,568 Preparation ToR Tender Dossier SOCIAL

PRJ-KOS-SOC-001 WB8-KOS-SOC-06 Kosovo Education Improvement Project SD, TMA 550,000 WBG EWBJF WBG 06/12/12 Finalised 31/12/16 528,000 Completed

Upgrading the Physical Infrastructure of Secondary and Tertiary Healthcare 25,000,000 EIB Estimated PRJ-KOS-SOC-004 WB17-KOS-SOC-02 FS, TD 251,250 EIB IPF IPF6 14/06/17 Execution 01/03/21 50,250,000 Preparation Institutions: Pre-feasibility Study 25,000,000 Estimated

Kosovo, Construction and Rehabilitation of Healthcare Infrastructure: Pending 14,000,000 EIB Estimated PRJ-KOS-SOC-005 WB21-KOS-SOC-01 CD, FS, OTH 1,005,000 EIB IPF IPF 26/06/19 29,000,000 Preparation Feasibility Study, Conceptual Design, Other ToR 14,000,000 CEB Estimated TRANSPORT Rehabilitation of Railway Route 10 (Leshak – Mitrovicë – Fushë Kosovë – TA-KOS-02 PFS 500,000 EIB IPF IPF2 14/06/08 Finalised 01/11/10 Ferizaj – Hani i Elezit) 20,885,639 EIB Disbursing WB9-KOS-TRA-01 Rehabilitation Railway Route 10 DD, ATP 1,840,000 EBRD EWBJF EBRD 13/06/13 Finalised 31/12/19 PRJ-KOS-TRA-001 83,252,846 Implementation Works Supervision for Rehabilitation of Rail Route 10 Phase 1: Fushë WB12-KOS-TRA-01 SOW 1,400,000 EBRD EWBJF EBRD 09/12/14 Execution 30/04/22 Kosovë – Border with North Macedonia Section 19,200,000 EBRD Disbursing WB-IG00-KOS- Orient/East-Med Corridor (R10): North Macedonia – Kosovo – Serbia Rail CF, CV 39,311,600 EBRD EWBJF EBRD 16/12/15 Execution 29/04/22 TRA-01 Internconnection WB11-KOS-TRA-02 Construction of Highway Route 7, Pristina – Merdare Section FS, EIA, SIA, PD 993,061 EBRD IPF IPF4 12/06/14 Finalised 31/12/18 Orient/East-Med Corridor, Kosovo – Serbia R7 Road Interconnection, 76,979,269 EBRD Estimated WB19-KOS-TRA-01 TD, SOW 4,368,000 EBRD EWBJF EBRD 18/06/18 Preparation 29/04/24 PRJ-KOS-TRA-002 Pristina – Merdare Section: Tender Dossier, Supervision of Works 204,696,558 Preparation WB-IG05-KOS- Orient/East-Med Corridor: Kosovo – Serbia R7 Road Interconnection, CF 38,760,000 EBRD EWBJF EBRD 30/12/20 Preparation 29/04/24 76,979,269 EIB Estimated TRA-03 Pristina – Merdare Section in Kosovo

46 47 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€)

WB11-KOS-TRA-01 Construction of Road N9 Pristina – Pejë/Peja: Kijevë/Klina – Zahaq Section FS, EIA, PD 804,000 EIB IPF IPF3 12/06/14 Finalised 11/01/18 Terms 70,000,000 EIB agreed PRJ-KOS-TRA-003 WB16-KOS-TRA-01 N9 Road Pristina – Pejë/Peja: Kijevë/Klina – Zahaq Section ESIA, PD, TD 1,909,500 EIB IPF IPF6 15/12/16 Execution 31/12/20 143,200,000 Preparation Comprehensive Network (Road R6b), Construction of N9 Pristina – Pejë/ WB18-KOS-TRA-01 DD 502,500 EIB IPF IPF6 13/12/17 Finalised 25/04/19 50,000,000 EBRD Estimated Peja Highway, Kijevë/Klina – Zahaq/Zahac Section: Detailed Design Orient/East-Med Corridor (R10), Railway Line Fushë Kosovë/Kosovo Polje – WB14-KOS-TRA-02 DD, TD 1,000,000 EBRD EWBJF EBRD 16/12/15 Execution 30/09/21 20,700,000 EIB Signed Mitrovicë/Mitrovica: Detailed Design and Tender Preparation PRJ-KOS-TRA-004 47,690,000 Tendering WB-IG01-KOS- Orient/East-Med Corridor: North Macedonia – Kosovo – Serbia R10 Rail ToR CF, CV 17,585,600 EBRD EWBJF EBRD 15/12/16 31/12/25 8,600,000 EBRD Signed TRA-01 Interconnection, Fushë Kosovë/Kosovo Polje – Mitrovicë/Mitrovica Section completed

Detailed Design and Tender Preparation for Northern Part of Rail Route 10 ToR 13,000,000 EIB Signed PRJ-KOS-TRA-005 WB15-KOS-TRA-01 DD, TD 1,365,000 EBRD IPF IPF9 17/06/16 64,627,000 Preparation (Mitrovica – Lesak – Border with Serbia) completed 12,100,000 EBRD Signed

WB5-KOS-TRA-06 Feasibility Study for East-West Key Railway Links FS, EIA, PD 600,000 EBRD IPF IPF2 23/06/11 Finalised 01/01/13 PRJ-KOS-TRA-006 56,850,000 Preparation Preliminary Design and ESIA for Railway Line Fushe Kosova/Kosovo Polje – WB14-KOS-TRA-01 ESIA, PD 1,256,250 EBRD IPF IPF7 16/12/15 Execution 15/06/21 Podujevo Pristina Intermodal Terminal: General Rehabilitation and Construction of PRJ-KOS-TRA-011 WB17-KOS-TRA-02 Railway Line Pristina – Pristina Airport Adem Jashari: Feasibility Study and PFS, FS, ESIA 1,105,500 EBRD IPF IPF7 14/06/17 On hold 28/07/21 1,100,000 Preparation ESIA

WB-IG04-KOS- Orient/East-Med Corridor: General Rehabilitation of Rail Route 10 in 12,404,881 EBRD Estimated Tender PRJ-KOS-TRA-012 CF, OTH, CV 27,394,758 EBRD EWBJF EBRD 17/12/19 Preparation 15/12/23 56,085,282 TRA-02 Kosovo, Signalling and Telecoms for Phases 1 & 2 12,404,881 EIB Estimated preparation MONTENEGRO DIGITAL INFRASTRUCTURE

PRJ-MNE-DII-001 WB21-MNE-DII-01 Montenegro, Broadband Infrastructure Development: National Broadband FS IPF IPF8 26/06/19 Execution 06/08/21 15,900,000 EBRD Estimated 27,575,000 Preparation Development Plan, PIU Support 552,750 EBRD ENERGY TA-MON-02 Electricity Network Development Programme PFS, FS 1,850,000 EBRD IPF IPF1 14/06/08 Finalised 01/12/12 60,000,000 EBRD Repaying PRJ-MNE-ENE-001 WB-IG00-MNE- 128,850,000 Implementation Trans-Balkan Electricity Corridor: Grid Section in Montenegro CF, OTH, CV 25,540,000 KfW EWBJF KfW 16/12/15 Execution 31/12/24 25,000,000 KfW Repaying ENE-01 1,250,000 EWBJF PRJ-MNE-ENE-002 WB5-MNE-ENE-04 Pljevlja Renewable Energy Heating Project CF, ATP, TMA EBRD EBRD 23/06/11 Cancelled Cancelled 1,250,000 EBRD PRJ-MNE-ENE-003 WB6-MNE-ENE-06 Electricity Network Expansion for the Development of RES FS, PD 600,000 EBRD IPF IPF3 07/12/11 Finalised 24/08/18 26,800,000 EBRD Estimated 27,400,000 Preparation PRJ-MNE-ENE-004 WB6-MNE-ENE-05 Feasibility Study for Biomass District Heating System in Kolašin FS 330,000 KfW IPF IPF3 07/12/11 Finalised 24/09/18 6,330,000 Completed Gas Development Masterplan – Priority Project Portfolio Identification in PRJ-MNE-ENE-005 WB10-MNE-ENE-01 ID, SEA 703,500 EBRD IPF IPF4 04/12/13 Finalised 05/06/17 700,000 Completed Montenegro ENVIRONMENT TA-MON-05 Podgorica Water Infrastructure Project FS 150,000 EBRD IPF IPF1 14/06/08 Finalised 01/02/10 TA-MON-07 Podgorica Wastewater Project FS 150,000 EIB IPF IPF1 14/06/08 Finalised 01/02/10 5,000,000 EIB Repaying MW-MNE-ENV- Rehabilitation and Construction of Water and Wastewater Infrastructure in Delegation CF 5,000,000 EIB EIB 20/03/09 Finalised 31/12/15 EIB-02 the North of Montenegro agreement TA2-MNE-ENV-04 Berane Wastewater Treatment Plant FS 150,000 EIB IPF IPF1 20/03/09 Finalised 01/06/10 TA3-MON-ENV-02 Wastewater Treatment Plant and Network in Kolasin FS 200,000 EIB IPF IPF1 08/12/09 Finalised 01/07/12 10,000,000 EIB Repaying TA3-MON-ENV-04 Wastewater Treatment Plant and Network in Rozaje FS 200,000 EIB IPF IPF1 08/12/09 Finalised 01/12/12 PRJ-MNE-ENV-001 141,247,006 Implementation WB6-MNE-ENV-17 Technical Assistance for Improvement of Water Supply System in Cetinje MD, ATP 600,000 EIB EWBJF EIB 07/12/11 Finalised 31/12/17 WB7-MNE-ENV-24 TA for Wastewater and Water supply in Montenegro TD, ATP 703,500 EIB IPF IPF3 14/06/12 Finalised 30/09/18 16,500,000 EIB Signed WB8-MNE-ENV-32 Reconstruction of Main Water Supply Pipeline in Andrijevica CF 400,000 EIB EWBJF EIB 06/12/12 Finalised 30/10/17

Montenegro Wastewater and Water Supply Projects: Technical Assistance TD, TMA 86,696 IPF3 17/06/16 Finalised 30/11/17 WB15-MNE-ENV-01 EIB IPF for Preparation of Project Documentation TD, TMA 456,004 IPF5 17/06/16 Finalised 31/12/20 25,500,000 EIB Signed WB-IG03-MNE- Montenegro, Bijelo Polje Wastewater Treatment Plant CF, CV 3,053,320 EIB EWBJF EIB 06/12/18 Execution 29/09/24 ENV-02

48 49 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) Montenegro Wastewater and Water Supply Projects: Technical Assistance in WB15-MNE-ENV-02 SOW 1,145,834 KfW EWBJF KfW 17/06/16 Execution 01/07/22 Project Implementation – Supervision of Works for Podgorica WWTP PRJ-MNE-ENV-002 35,000,000 KfW Signed 50,100,906 Tendering WB-IG02-MNE- Pending Construction of Wastewater Treatment Plant in Podgorica CF, DD, TD, ATP, SAM, CV 9,000,000 KfW EWBJF KfW 15/06/17 31/12/23 ENV-01 ToR PRJ-MNE-ENV-004 TA3-MON-ENV-03 Wastewater Treatment Plant and Network in Danilovgrad FS 200,000 EIB IPF IPF1 08/12/09 Cancelled Cancelled WB4-MNE-ENV-11 Construction of Regional Landfills in Plijevlja and Zablijak FS, EIA, SIA 239,839 EIB IPF IPF2 25/06/10 Finalised 01/04/14 PRJ-MNE-ENV-006 2,000,000 EIB Disbursing 29,989,839 Implementation WB4-MNE-ENV-12 Construction of Regional Landfills in Montenegro EIA, SIA 750,000 EIB IPF IPF2 25/06/10 Finalised 01/04/14 Montenegro Solid Waste: Technical Assistance for Preparation of Project PRJ-MNE-ENV-010 WB8-MNE-ENV-31 FS 70,350 EIB IPF IPF3 06/12/12 Cancelled Cancelled Documentation WB-IG03-MNE- Montenegro, Boka Bay Water Supply and Wastewater Collection CF, ATP, SOW, TMA, CV 4,684,373 KfW EWBJF KfW 06/12/18 Preparation 31/12/23 ENV-01 PRJ-MNE-ENV-016 14,042,000 KfW Signed 25,002,825 Preparation WB-IG04-MNE- Montenegro, Boka Bay Water Supply and Wastewater Collection Phase 2 CF, OTH 4,467,231 KfW EWBJF KfW 17/12/19 Preparation 31/12/24 ENV-01 Montenegro, Pljevlja Sewerage Network Phase 2: Feasibility Study, Detailed ToR Terms PRJ-MNE-ENV-020 WB24-MNE-ENV-01 FS, DD, TD 351,750 EIB IPF IPF10 30/12/20 300,000 EIB 7,531,300 Preparation Design, Tender Documentation completed agreed Montenegro, Ulcinj Wastewater Treatment Plant and Related Infrastructure: PRJ-MNE-ENV-022 WB24-MNE-ENV-02 CD, FS, ESIA, DD, TD, PIU, CV 1,013,771 KfW EWBJF KfW 30/12/20 Preparation 14/06/22 22,600,000 KfW Disbursing 45,059,780 Preparation Feasibility Study Update, ESIA, Designs, Tender Documents, PIU Support SOCIAL PRJ-MNE-SOC-001 TA2-MNE-SOC-08 Pljevlja Centre for Elderly DD, OTH 150,000 CEB IPF IPF1 20/03/09 Finalised 01/05/13 2,381,896 Completed Montenegro, Mojkovac Prison: Feasibility Study Review, Preliminary PRJ-MNE-SOC-005 WB20-MNE-SOC-01 FS, EIA, PD, MD, TD, PIU 1,206,000 CEB IPF IPF7 06/12/18 Execution 29/10/21 15,000,000 CEB Estimated 23,734,525 Preparation Design, EIA, Detailed Design, Tender Dossier TRANSPORT Reconstruction of Scepan Polje – Pluzine (Border with Bosnia and TA2-MNE-TRA-03 ID, FS 150,000 EIB IPF IPF1 20/03/09 Finalised 01/06/10 Herzegovina) Main Road Reconstruction of Scepan Polje – Pluzine (Border with Bosnia and TA3-MON-TRA-01 EIA, PD 550,000 EIB IPF IPF1 08/12/09 Finalised 01/04/14 Terms PRJ-MNE-TRA-001 Herzegovina) Main Road 45,000,000 EBRD 64,950,440 Preparation agreed CD, DD, TD 3,668,692 IPF4 09/12/14 Finalised 31/12/18 Detailed Design and Tender Documents for Reconstruction of Scepan Polje WB12-MNE-TRA-01 EBRD IPF ToR – Pluzine Main Road DD, ESIA 603,000 IPF8 20/02/19 completed PRJ-MNE-TRA-002 WB6-MNE-TRA-14 Preparation of SEETO Road Route 4 Investment Plan for Montenegro FAA, EIA 500,000 EIB EWBJF EIB 07/12/11 Finalised 31/10/12 Cancelled WB10-MNE-TRA-02 Priority Bypass on the Montenegrin Coast CD, FS 500,000 KfW EWBJF KfW 04/12/13 Finalised 31/12/17 Mediterranean Corridor (Road R1), Adriatic-Ionian Highway, Construction of 50,000,000 KfW Estimated WB18-MNE-TRA-01 ESIA, PD, DD, TD, PIU 2,512,500 KfW IPF IPF7 13/12/17 Execution 31/12/21 Budva Bypass: Preliminary Design PRJ-MNE-TRA-003 Mediterranean Corridor, Montenegro – Croatia – Albania R1 Road 292,952,000 Preparation WB19-MNE-TRA-01 ESIA, PD 2,125,575 KfW IPF IPF7 18/06/18 Execution 31/12/21 Interconnection, Budva Bypass: Preliminary Design, ESIA 75,000,000 Estimated WB-IG03-MNE- Mediterranean Corridor: Montenegro – Croatia – Albania R1 Road CF, SOW, OTH, CV 42,095,000 KfW EWBJF KfW 06/12/18 Preparation 31/12/23 TRA-01 Interconnection, Budva Bypass Reliability and Safety Improvement of Bar – Vrbnica Railway Line (Rail WB10-MNE-TRA-01 FS, DD, PIU, TMA 1,005,000 EIB IPF IPF4 04/12/13 Finalised 29/06/16 7,000,000 EIB Repaying Route 4) Orient/East-Med Corridor (R4) Reliability and Safety Improvements Phase 2 WB14-MNE-TRA-01 DD 3,015,000 EIB IPF IPF5 16/12/15 Finalised 29/03/20 7,000,000 EIB Repaying (Concrete Bridges) Rehabilitation of Vrbnica – Bar Railway Line in Montenegro Along Belgrade WB16-MNE-TRA-01 DD, TD 1,507,500 EIB IPF IPF6 15/12/16 Finalised 26/02/21 15,000,000 EBRD Estimated – Bar Main Railway Line (SEETO Rail Route 4) Orient/East-Med Corridor, SEETO Route 4, Vrbnica – Bar Railway Line, WB17-MNE-TRA-01 PRJ-MNE-TRA-004 Replacement of Signalling-Safety System in the Northern Part: Connection DD, TD 1,929,600 EIB IPF IPF6 14/06/17 Execution 28/04/21 244,305,335 Implementation to Central Command and Main Design for Rehabilitation of Landslide Ratac WB-IG00-MNE- Orient/East-Med Corridor: Montenegro – Serbia R4 Rail Interconnection, Bar CF 20,400,000 EIB EWBJF EIB 16/12/15 Execution 30/07/22 20,000,000 EIB Repaying TRA-01 – Vrbnica Section

Special Inspection of 106 Tunnels and Development of Main Designs for ID, PIU 1,005,000 IPF4 17/06/15 Finalised 29/07/17 WB13-MNE-TRA-01 EIB IPF Rehabilitation DD 1,507,500 IPF6 17/06/15 Execution 28/08/21 18,000,000 EIB Estimated WB-IG05-MNE- Orient/East-Med Corridor: Montenegro – Serbia R4 Rail Interconnection, Bar CF, SOW, TMA, CV 20,133,200 EIB EWBJF EIB 30/12/20 Preparation 31/12/25 TRA-01 – Vrbnica Section in Montenegro

50 51 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) WB-IG03-MNE- Orient/East-Med Corridor: Montenegro – Serbia R4 Rail Interconnection, Bar CF, TD, SOW, CV 16,266,000 KfW EWBJF KfW 06/12/18 Preparation 01/12/22 24,100,000 KfW Estimated TRA-02 – Vrbnica Section Orient/East-Med Corridor, Route 4, Golubovci – Bar Section of Bar – Vrbnica ToR WB21-MNE-TRA-01 ESIA, PD, DD, PIU, OTH 3,015,000 KfW IPF IPF9 26/06/19 25,000,000 KfW Estimated PRJ-MNE-TRA-004 Railway Line: ESIA, Preliminary Design, Detailed Design, PIU Support, Other completed Orient/East-Med Corridor, Bar – Vrbnica Route 4 Railway Line: Feasibility Pending WB24-MNE-TRA-01 Study, ESIA, Preliminary Design, Tender Documents for Power Supply and FS, ESIA, PD, TD 502,500 EIB IPF IPF 30/12/20 26,130,000 EIB Estimated ToR Video Surveillance Orient/East-Med Corridor, SEETO Route 4, Bar – Highway, Matesevo PRJ-MNE-TRA-005 WB17-MNE-TRA-02 ESIA, PD 3,115,500 EBRD IPF IPF7 14/06/17 Execution 30/12/21 123,000,000 EBRD Estimated 425,400,000 Preparation – Andrijevica Section: Preliminary Design and ESIA Orient/East-Med Corridor, Route 4, Bar – Boljare Highway, Podgorica Bypass PRJ-MNE-TRA-006 WB17-MNE-TRA-03 ESIA, PD 2,401,950 EBRD IPF IPF5 14/06/17 Execution 31/12/20 55,200,000 EBRD Estimated 191,910,000 Preparation (Smokovac – Tolosi – Farmaci): Preliminary Design and ESIA Orient/East-Med Corridor, Road R4, Construction of Bar – Boljare Highway: PRJ-MNE-TRA-011 WB18-MNE-TRA-02 FS 1,306,500 EBRD IPF IPF7 13/12/17 Execution 16/07/21 1,300,000 Preparation Feasibility Study with Cost-Benefit Analysis Mediterranean Corridor, Montenegro – Albania R2 Rail Interconnection, PRJ-MNE-TRA-023 WB20-MNE-TRA-02 Podgorica – Border Between the Two States Section: Feasibility Study, CD, FS, ESIA, PIU 1,306,500 KfW IPF IPF9 06/12/18 Execution 26/11/2021 17,550,000 KfW Estimated 38,500,000 Preparation Conceptual Design, ESIA, PIU Support NORTH MACEDONIA DIGITAL INFRASTRUCTURE

PRJ-MKD-DII-001 WB21-MKD-DII-01 North Macedonia Digital Economy Project: Feasibility Study, ESIA, FS, ESIA, PD EWBJF WBG 26/06/19 Preparation 30,000,000 WBG Estimated 57,131,586 Preparation Preliminary Design 624,000 WBG ENERGY 32,900,000 KfW Repaying PRJ-MKD-ENE-001 TA-MKD-02 Pilot Project – Wind Park Development FS 400,000 KfW IPF IPF1 14/06/08 Finalised 01/12/10 15,000,000 KfW Repaying 76,000,000 Implementation 18,000,000 KfW Signed PRJ-MKD-ENE-002 TA2-MKD-ENE-02 Construction of OHL 400kV North Macedonia – Serbia EIA 100,000 EIB IPF IPF1 20/03/09 Finalised 01/12/10 11,000,000 WBG Signed 14,100,000 Implementation

WB4BIS-MKD- Feasibility Study and ESIA for the Electricity Production and Irrigation 500,000 EWBJF 57,000,000 EIB Estimated PRJ-MKD-ENE-003 FS, EIA, PD, TD EIB EIB 16/12/10 Finalised 31/12/17 131,000,000 Preparation ENE-03 Components of Zletovica Project 500,000 EIB 70,000,000 Estimated Technical Assistance for Preparation of ESIA Study for the Project National PRJ-MKD-ENE-004 WB5-MKD-ENE-04 ESIA 170,000 EBRD EWBJF EBRD 23/06/11 Finalised 19/06/15 Cancelled Gasification System in North Macedonia WB4BIS-REG- Albania – North Macedonia 400 kV Interconnection FS, EIA 803,000 EBRD IPF IPF2 16/12/10 Finalised 01/05/13 ENE-01 Bitola (North Macedonia) – Elbasan (Albania) 400kV Interconnection and PRJ-MKD-ENE-005 WB9-MKD-ENE-01 DD 900,000 EBRD EWBJF EBRD 12/06/13 Finalised 28/02/19 37,000,000 EBRD Signed 51,667,000 Implementation Substation WB-IG00-MKD- Albania – North Macedonia Power Interconnection: Grid Section in North CF, TMA 12,245,000 EBRD EWBJF EBRD 16/12/15 Execution 31/12/24 ENE-01 Macedonia North Macedonia, Optimisation of the Energy Utilisation of the Crna Reka: PRJ-MKD-ENE-010 WB20-MKD-ENE-01 FS, ESIA 1,005,000 EBRD IPF IPF9 06/12/18 Execution 17/09/22 358,600,000 EBRD Estimated 553,000,000 Preparation ESIA, Feasibility Study WB-IG04-MKD- PRJ-MKD-ENE-011 Project of Mutual Interest: North Macedonia – Greece Gas Interconnector CF, DD, TD, SOW, CV 12,724,000 EIB EWBJF EIB 17/12/19 Preparation 31/12/23 39,600,000 EIB Estimated 54,405,000 Preparation ENE-01 North Macedonia, North Macedonia – Kosovo Gas Interconnection: PRJ-MKD-ENE-016 WB21-MKD-ENE-02 FS, ESIA 653,250 EBRD IPF IPF9 26/06/19 Execution 03/02/22 9,900,000 EBRD Estimated 11,950,000 Preparation Feasibility Study, ESIA North Macedonia, Strengthening the Transmission Network in the PRJ-MKD-ENE-018 WB21-MKD-ENE-03 Southeast Region of North Macedonia: Feasibility Study, ESIA, Detailed FS, ESIA, DD, TD 783,900 EBRD IPF IPF7 26/06/19 Execution 04/02/22 5,627,000 EBRD Estimated 7,400,000 Preparation Design, Tender Dossier ENVIRONMENT PRJ-MKD-ENV-001 WB10-MKD-ENV-01 Water and Sewerage Programme in North Macedonia MD, TD, SOW 402,000 KfW IPF IPF5 04/12/13 Finalised 30/11/20 8,635,000 KfW Signed 18,399,376 Implementation

North Macedonia, Skopje Wastewater Treatment Plant: Project 68,000,000 EIB Signed Tender PRJ-MKD-ENV-002 WB19-MKD-ENV-01 TMA 487,425 EIB IPF IPF7 18/06/18 Execution 30/10/21 141,610,000 Implementation Consultant 58,000,000 EBRD Signed preparation SOCIAL

52 53 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) TA-MKD-01 Idrizovo Prison Reform Project in North Macedonia FS, DD, TMA 350,000 CEB IPF IPF2 14/06/08 Finalised 01/11/13 WB12-MKD-SOC-01 Project for Reconstruction of Penitentiary Institutions in North Macedonia PIU 351,750 CEB IPF IPF4 09/12/14 Finalised 09/11/17 PRJ-MKD-SOC-001 46,000,000 CEB Disbursing 53,102,849 Implementation Extended TA Support for Implementation and Management of the WB17-MKD-SOC-02 PIU, TMA 1,105,500 CEB IPF IPF5 14/06/17 Finalised 31/10/20 Reconstruction of Penitentiary Institutions Project TA3-MKD-SOC-01 Health Provider Institutions (HPIs) FS, PD, DD, TMA 2,000,000 CEB IPF IPF2 08/12/09 Finalised 01/05/14 PRJ-MKD-SOC-002 Support to Consolidation and Modernisation of Skopje and Shtip Health 26,937,458 CEB Disbursing 59,009,720 Implementation WB15-MKD-SOC-01 PIU 1,400,000 CEB EWBJF CEB 17/06/16 Cancelled Provider Institutions Construction of Physical Education Facilities in Secondary Schools, WB6-MKD-SOC-02 CF, EIA, ATP, SOW 1,000,000 CEB EWBJF CEB 07/12/11 Finalised 19/02/19 12,500,000 CEB Repaying Acquisition of Equipment and Refurbishment Phase 1 Construction of Physical Education Facilities in Primary Schools, PRJ-MKD-SOC-003 WB6-MKD-SOC-03 Acquisition of Equipment and Rehabilitation of Primary and Secondary CF, EIA, ATP, SOW 2,000,000 CEB EWBJF CEB 07/12/11 Finalised 19/02/19 65,121,818 Implementation Schools Phase 2 30,000,000 CEB Repaying WB-IG05-MKD- North Macedonia, Rehabilitation of Physical Education Facilities in Primary CF, DD, SAM, CV 3,069,000 CEB EWBJF CEB 30/12/20 Preparation 30/12/24 SOC-01 and Secondary Schools and Acquisition of Sports Equipment Complementary Funding for Competition of Works Related to HPIs – PRJ-MKD-SOC-004 WB6-MKD-SOC-04 CF 3,000,000 CEB EWBJF CEB 07/12/11 Finalised 31/12/14 23,000,000 CEB Repaying 51,151,383 Implementation Rehabilitation Phase 1 TRANSPORT

Construction of Corridor VIII Kumanovo – Deve Bair – Border with Bulgaria 750,000 EWBJF WB5-MKD-TRA-01 DD, ATP EBRD EBRD 23/06/11 Finalised 31/12/16 Railway Line: Kumanovo – Beljakovce Section 750,000 EBRD

Construction of Corridor VIII Kumanovo – Deve Bair – Border with Bulgaria 1,350,000 EWBJF WB7-MKD-TRA-02 MD, ATP EBRD EBRD 14/06/12 Execution 29/06/21 46,400,000 EBRD Repaying Railway Line: Beljakovce – Kriva Palanka Section 1,350,000 EBRD SSF

PRJ-MKD-TRA-001 Construction of Corridor VIII Kumanovo – Deve Bair – Border with Bulgaria 1,550,000 EWBJF 283,476,316 Implementation WB7-MKD-TRA-03 SOW EBRD EBRD 14/06/12 Finalised 31/12/18 Railway Line: Kumanovo – Beljakovce Section 1,150,000 EBRD SSF Construction of Corridor VIII Kumanovo – Deve Bair – Border with Bulgaria ToR WB11-MKD-TRA-01 SOW 3,000,000 EBRD EWBJF EBRD 12/06/14 30/04/25 Railway Line: Beljakovce – Kriva Palanka Section completed 145,000,000 EBRD Signed WB-IG02-MKD- Orient/East-Med Corridor (CVIII): North Macedonia – Bulgaria Rail CF, CV 70,000,000 EBRD EWBJF EBRD 13/12/17 Preparation 31/12/24 TRA-01 Interconnection, Beljakovce – Kriva Palanka Section FS, ESIA, PD 702,022 IPF3 13/06/13 Finalised 07/05/18 WB9-MKD-TRA-01 Motorway A4 Skopje – Blace, Stenkovec Interchnage – Blace Section EBRD IPF ESIA, DD, TD 302,978 IPF7 13/06/13 Execution 03/03/22 Orient/East-Med Corridor (Road R6a), Construction of A4 Skopje – Blace PRJ-MKD-TRA-002 WB18-MKD-TRA-01 Motorway, Interchange Stenkovec – Blace Section: Detailed Design, ESIA, ESIA, DD, TD 2,838,401 EBRD IPF IPF7 13/12/17 Execution 03/03/22 73,111,571 EBRD Estimated 121,102,867 Preparation Tender Documentation WB-IG04-MKD- Orient/East-Med Corridor: North Macedonia – Kosovo Road Interconnection, CF, SOW, CV 27,225,128 EBRD EWBJF EBRD 17/12/19 Preparation 30/01/26 TRA-02 Blace – Skopje (Stenkovec Interchange) Motorway Section Preparation of Technical Documentation for Construction of Railway Joint ID, CD, FS, EIA, SIA, PD, DD, TD, WB13-MKD-TRA-01 381,900 EBRD IPF IPF4 17/06/15 Finalised 06/12/18 Border Station between North Macedonia and Serbia ATP Tender PRJ-MKD-TRA-003 2,420,418 EBRD Repaying 6,080,837 WB-IG04-MKD- Orient/East-Med Corridor: North Macedonia – Serbia Rail Interconnection, preparation CF, OTH, CV 2,765,227 EBRD EWBJF EBRD 17/12/19 Preparation 29/09/24 TRA-01 Tabanovce Joint Border Station Construction of , Gostivar – Kicevo Section Phase 2: Gostivar – Pending PRJ-MKD-TRA-004 WB15-MKD-TRA-01 FS, ESIA, PD, DD 2,080,000 EBRD EWBJF EBRD 17/06/16 27/06/26 105,000,000 Preparation Gorna Gjonovica Subsection ToR Modernisation of Tabanovce – Gevgelija Railway Line : ETCS Level 1 on Rail WB15-MKD-TRA-02 PFS 502,500 EBRD IPF IPF7 17/06/16 Finalised 29/06/20 Corridor X and Signalling Improvements PRJ-MKD-TRA-005 103,000,000 EBRD Estimated 103,800,000 Preparation Modernisation of Tabanovce – Gevgelija Railway Line : Installation of GSMR WB15-MKD-TRA-04 PFS 301,500 EBRD IPF IPF7 17/06/16 Finalised 29/06/20 on Rail Corridor X Preparation of Pre-feasibility Study for Corridor VIII Skopje – Kicevo Railway PRJ-MKD-TRA-006 WB15-MKD-TRA-03 PFS 301,500 EBRD IPF IPF7 17/06/16 Finalised 29/06/20 300,000 Preparation Line WB-IG03-MKD- Orient/East-Med Corridor: North Macedonia – Bulgaria CVIII Road PRJ-MKD-TRA-013 CF, CV 2,520,400 EBRD EWBJF EBRD 06/12/18 Preparation 30/08/22 10,000,000 EBRD Signed 13,670,000 Implementation TRA-02 Interconnection, Kriva Palanka – Deve Bair Section WB-IG03-MKD- Orient/East-Med Corridor: North Macedonia – Albania CVIII Road PRJ-MKD-TRA-015 CF, CV 20,248,000 EBRD EWBJF EBRD 06/12/18 Preparation 15/01/24 79,200,000 EBRD Estimated 105,050,000 Preparation TRA-03 Interconnection, Bukojcani – Kicevo Subsection SERBIA DIGITAL INFRASTRUCTURE Serbia, Next Generation Broadband Connectivity for Rural Schools in PRJ-SRB-DII-005 WB22-SRB-DII-01 White Zones: Fixed Broadband Mapping, Feasibility Study and Cost-Benefit CD, FS, ESIA, PD, OTH 1,768,000 EBRD EWBJF EBRD 17/12/19 Preparation 15/12/21 72,000,000 EBRD Estimated 76,930,000 Preparation Analysis, Conceptual Designs, ESIA, Preliminary Designs

54 55 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) ENERGY Project of Energy Community Interest: Serbia (Niš) – Bulgaria Gas PRJ-SRB-ENE-002 WB4-SER-ENE-04 FS, EIA, SIA 1,000,000 EBRD IPF IPF2 25/06/10 Finalised 01/10/12 61,500,000 EBRD Estimated 62,500,000 Preparation Interconnector WB4BIS-SER- Rehabilitation of District Heating Systems in Serbia Phase IV FAA, TMA 500,000 KfW EWBJF KfW 16/12/10 Finalised 31/12/16 ENE-05 PRJ-SRB-ENE-003 45,000,000 KfW Repaying 58,262,000 Implementation Rehabilitation of District Heating Systems in Serbia Phase IV: WB5-SER-ENE-06 FAA, TMA 1,512,000 KfW EWBJF KfW 23/06/11 Finalised 31/12/16 Program Implementation Stage 2 WB8-SER-ENE-11 EE Programme in Public Buildings in Serbia FS, DD, ATP, SOW 1,300,000 KfW EWBJF KfW 06/12/12 Execution 31/12/23 PRJ-SRB-ENE-004 Energy Efficiency in Public Buildings – Education Facilities: 15,000,000 KfW Disbursing 18,516,000 Implementation WB17-SRB-ENE-02 FS, SOW, TMA 800,000 KfW EWBJF KfW 14/06/17 Preparation 31/12/23 Extended TA Support for Project Implementation and Management PRJ-SRB-ENE-005 WB10-SER-ENE-01 Biomass Cogeneration Plant PD, ATP 600,000 KfW EWBJF KfW 04/12/13 Cancelled Cancelled PRJ-SRB-ENE-006 WB9-SER-ENE-01 400 kV OHL Bajina Basta Substation – Kraljevo Substation FS, EIA, SIA, PD 804,000 KfW IPF IPF3 13/06/13 Finalised 26/04/18 35,000,000 KfW Estimated 40,800,000 Preparation Trans-Balkan Corridor: Upgrading to 400kV of Transmission System in TA-SER-26 PFS, FS 500,000 EBRD IPF IPF1 14/06/08 Finalised 01/11/11 Western Serbia Technical Documentation Preparation and TSO Support for 400 kV OHL Tender PRJ-SRB-ENE-007 WB14-SRB-ENE-01 ESIA, DD 804,000 KfW IPF IPF7 16/12/15 Execution 07/09/21 40,000,000 KfW Signed 58,700,000 Obrenovac – Bajina Bašta preparation WB-IG04-SRB- Trans-Balkan Electricity Corridor: Obrenovac – Bajina Bašta Grid Section in CF, TD, ATP, TMA, SOW, CV 13,101,800 KfW EWBJF KfW 17/12/19 Preparation 29/09/25 ENE-01 Serbia WB-IG00-SRB- Trans-Balkan Electricity Corridor: Grid Section in Serbia PRJ-SRB-ENE-008 CF, TMA, CV 6,754,600 KfW EWBJF KfW 16/12/15 Execution 31/12/22 15,000,000 KfW Signed 29,600,000 Implementation ENE-01 (Kragujevac – Kraljevo) Serbia, North CSE Corridor, New 400/110 kV 2x300 MVA Belgrade West PRJ-SRB-ENE-015 WB21-SRB-ENE-01 PFS, CD, ESIA 603,000 KfW IPF IPF7 26/06/19 Execution 14/06/21 34,000,000 KfW Estimated 52,140,000 Preparation Substation and OHL 400 kV Serbia – : Pre-feasibility Study, ESIA Serbia, Energy Efficiency Renovation Programme of Central Government PRJ-SRB-ENE-017 WB21-SRB-ENE-02 PIU 312,000 CEB EWBJF CEB 26/06/19 Preparation 30/12/21 40,000,000 CEB Signed 44,500,000 Preparation Buildings: PIU Support ENVIRONMENT Feasibility Study for Collection and Treatment of Wastewater in the PRJ-SRB-ENV-001 TA-SER-17 FS 500,000 KfW IPF IPF1 14/06/08 Finalised 01/07/10 46,000,000 KfW Disbursing 48,900,000 Implementation Municipality of Vranje and Uzice MW-SER-ENV- Delegation PRJ-SRB-ENV-002 Medium-Sized Towns Water Supply and Sewerage Systems CF 3,000,000 KfW KfW 20/03/09 Finalised 31/12/13 25,000,000 KfW Repaying 48,500,000 Completed CEB;KFW-01 agreement Construction of Collectors II and VII and Water Well in Subotica and PRJ-SRB-ENV-003 WB6-SER-ENV-03 CF, ATP, SOW, TMA 2,040,000 EBRD EWBJF EBRD 07/12/11 Execution 31/07/21 11,000,000 EBRD Disbursing 24,640,000 Implementation Preparation of Technical Documentation for Sludge Management 25,000,000 EIB Disbursing TA3-SER-ENV-01 Municipal Water - Municipality PFS 300,000 EIB IPF IPF4 08/12/09 Finalised 25/05/17 PRJ-SRB-ENV-004 12,800,000 KfW Estimated 61,300,000 Preparation WB15-SRB-ENV-01 Central Wastewater Treatment Facility in Novi Sad FS, EIA, PD, TD 1,005,000 EIB IPF IPF8 17/06/16 On hold 31/03/22 7,100,000 EBRD Estimated Preparation of Technical Documentation for Batajnica Sewerage System PRJ-SRB-ENV-005 WB13-SER-ENV-01 FS 850,000 EBRD EWBJF EBRD 17/06/15 Execution 01/10/22 44,000,000 EBRD Estimated 57,816,000 Preparation Facilities with WWTP WB-IG02-SRB- Pending PRJ-SRB-ENV-006 Upgrade of Makis Water and Wastewater Treatment Facilities CF, CV 3,000,000 EBRD EWBJF EBRD 13/12/17 31/12/24 14,500,000 EBRD Disbursing 18,390,865 Implementation ENV-01 ToR Serbia, Water Supply and Wastewater Treatment in Medium-Sized PRJ-SRB-ENV-007 WB18-SRB-ENV-01 Municipalities VI: Feasibility Studies, Environmental Impact Assessments, FS, EIA, DD, TD 2,496,000 KfW EWBJF KfW 13/12/17 Execution 02/05/22 70,000,000 KfW Estimated 140,893,001 Implementation Detailed Designs, Tender Dossiers Serbia, West and Tamiš Subriver Basins, Infrastructure Programme PRJ-SRB-ENV-009 WB18-SRB-ENV-02 for Integrated Water Management: Pre-feasibility Studies, Conceptual PFS, CD 1,206,000 EIB IPF IPF6 13/12/17 Execution 28/08/21 56,000,000 EIB Estimated 112,900,000 Preparation Designs Serbia, Construction of the Struganik Dam: Feasibility Study, ESIA, ToR PRJ-SRB-ENV-016 WB21-SRB-ENV-02 FS, ESIA, PD, CV 804,000 EBRD IPF IPF10 26/06/19 20,150,000 EBRD Estimated 22,500,000 Preparation Preliminary Design completed Serbia, Flood Risk Management Programme for : Flood Risk ToR PRJ-SRB-ENV-018 WB21-SRB-ENV-03 OTH 1,306,500 EBRD IPF IPF10 26/06/19 221,200,000 EBRD Estimated 250,000,000 Preparation Management Plan, Strategic Environmental Assessment completed Serbia, Development and Implementation of Integrated Torrential Floods and Erosion Protection Measures, Works and Structures Based on a Green CD, FS, ESIA, PD, OTH Pending PRJ-SRB-ENV-023 WB23-SRB-ENV-01 773,850 AFD IPF IPF 10/06/20 10,550,000 AFD Estimated 12,670,000 Preparation Solution in Krupanj Pilot Area, Jadar River Basin: Conceptual Solution, ToR Feasibility Study, ESIA, Preliminary Design SOCIAL PRJ-SRB-SOC-001 TA2-SER-SOC-04 Municipal and Regional Infrastructure DD, SOW, TMA, OTH 375,000 EIB IPF IPF1 20/03/09 Finalised 01/02/11 75,000,000 EIB Disbursing 200,000,000 Implementation

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Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) Building the Knowledge Economy in Serbia, R&D Infrastructure Initiative TA3-SER-SOC-01 FS, TMA 600,000 EIB IPF IPF2 08/12/09 Finalised 01/10/10 200,000,000 EIB Disbursing / Teaching Infrastructure Investment Programme PRJ-SRB-SOC-002 427,580,000 Implementation 70,000,000 CEB Signed WB15-SRB-SOC-02 High Education Infrastructure PFS, CD, FS, PD, DD, TD 884,400 EIB IPF IPF8 17/06/16 Execution 26/12/22 35,000,000 CEB Signed TA3-SER-SOC-02 Modernisation of Judiciary Facilities FS, DD, TMA 720,000 CEB IPF IPF2 08/12/09 Finalised 01/03/12 15,000,000 EIB Disbursing WB6-SER-SOC-08 Extended TA for Judiciary Facilities PD, MD, TMA 1,000,000 EIB IPF IPF2 07/12/11 Finalised 01/05/14 PRJ-SRB-SOC-003 PIU 284,415 IPF3 13/06/13 Finalised 21/04/17 84,333,000 Implementation WB9-SER-SOC-01 TA for Judiciary Facilities EIB IPF SOW 703,500 IPF5 13/06/13 Finalised 30/11/19 30,000,000 EIB Estimated WB11-SER-SOC-01 TA for Judiciary Facilities: Supervision of Works for Kataniceva Building SOW 381,900 EIB IPF IPF4 12/06/14 Finalised 18/11/16 PRJ-SRB-SOC-004 TA3-SER-SOC-04 Social Housing in Serbia ID, FS, TMA, OTH 70,000 CEB IPF IPF1 08/12/09 Finalised 01/09/10 Cancelled 400,000 EWBJF 50,000,000 EIB Disbursing PRJ-SRB-SOC-005 WB4-SER-SOC-05 TA for School Modernisation Programme TMA EIB EIB 25/06/10 Finalised 31/03/16 100,000,000 Implementation 400,000 CEB 20,000,000 CEB Estimated Development of a Concept for Monitoring and Evaluation of Inclusive PRJ-SRB-SOC-006 WB6-SER-SOC-09 SD, TMA 350,000 WBG EWBJF WBG 07/12/11 Finalised 30/06/15 350,000 Completed Practices in the Education System TA3-SER-SOC-03 Modernisation of Prison Facilities FS, DD, TMA 763,633 CEB IPF IPF1 08/12/09 Finalised 01/03/15 17,949,146 CEB Disbursing WB8-SER-SOC-13 Extended TA for Improvement of Prison Facilities PD, MD, OTH 703,500 CEB IPF IPF1 06/12/12 Finalised 01/03/16 PRJ-SRB-SOC-007 WB11-SER-SOC-02 Prison Facilities Extended TA TMA 110,550 CEB IPF IPF3 12/06/14 Finalised 18/04/18 73,823,197 Implementation Supervision of Construction Works and Equipment for New Prison Facilities 17,000,000 CEB Signed WB12-SER-SOC-01 PIU, SOW 1,430,000 CEB EWBJF CEB 09/12/14 Execution 29/06/23 in Pancevo and Kragujevac WB10-SER-SOC-01 Post-earthquake Housing Reconstruction in Kraljevo PIU, TMA 884,400 CEB IPF IPF3 04/12/13 Finalised 16/01/19 PRJ-SRB-SOC-008 8,000,000 CEB Disbursing 16,505,313 Implementation WB15-SRB-SOC-01 Post-earthquake Housing Reconstruction in Kraljevo SOW 300,000 CEB EWBJF CEB 17/06/16 Cancelled

Serbia, Greening the Public Sector - Rehabilitation of the VMA Hospital: Pending 50,000,000 KfW Signed PRJ-SRB-SOC-011 WB23-SRB-SOC-01 FS, PD, DD, TD, ATP, CO, CV 5,200,000 KfW EWBJF KfW 10/06/20 30/06/25 99,890,000 Preparation Technical Assistance for Project Preparation and Implementation ToR 25,000,000 KfW Estimated Serbia, New Campus for the Electrical Engineering and Technical Faculties ToR Terms PRJ-SRB-SOC-014 WB24-SRB-SOC-01 CD, FS, ESIA, PD 452,250 CEB IPF IPF7 30/12/20 95,000,000 CEB 155,200,000 Preparation in Belgrade: Feasibility Study, ESIA, Preliminary Design, Tender Documents completed agreed TRANSPORT Reconstruction of Niš – Preševo – Border with North Macedonia Railway TA-SER-15 FS, EIA 500,000 EIB IPF IPF1 14/06/08 Finalised 01/07/10 Line Preparation of Project Documentation for Modernisation of Trupale (Niš) – WB4-SER-TRA-05 FS, PD, MD, EIA, SIA, OTH 1,040,000 EBRD EWBJF EBRD 25/06/10 Cancelled PRJ-SRB-TRA-001 Preševo – Border with North Macedonia Railway Line 90,500,000 EIB Estimated 182,250,000 Preparation Orient/East-Med Corridor, Serbia - North Macedonia CX Rail WB19-SRB-TRA-03 Interconnection, Niš - Preševo - Border Between the Two States Section: FS, ESIA, PD, TD 3,517,500 EIB IPF IPF8 18/06/18 Execution 18/07/23 Feasibility Study, ESIA, Preliminary Design, Tender Dossier MW-SER-TRA- Delegation PRJ-SRB-TRA-002 Reconstruction of Urban Transport System (Tramway and Road) in Belgrade CF 6,000,000 EIB EIB 20/03/09 Finalised 31/12/15 90,000,000 EIB Disbursing 183,900,000 Completed EIB-03 agreement Belgrade Rail Modernisation Project: Procurement, Implementation 375,000 EWBJF PRJ-SRB-TRA-003 WB1-SER-TRA-02 Support and Contract Supervision, Urban Transport Public Service TMA EBRD EBRD 08/12/09 Cancelled Cancelled Contracting and Route Structuring Preparation 375,000 EBRD SSF

Sava Bridge Loan Extension: Performance-Based Maintenance and 120,000 EWBJF PRJ-SRB-TRA-004 WB1-SER-TRA-03 TMA EIB EIB 08/12/09 Cancelled Cancelled Management (PMMR) of Roads and Bridges 120,000 EIB 384,000,000 EIB Disbursing 1,500,000 EWBJF 150,000,000 EBRD Signed PRJ-SRB-TRA-005 WB1-SER-TRA-01 Road Corridor X Serbia PD, DD, SOW, TMA EIB EIB 08/12/09 Finalised 31/12/15 1,360,000,000 Implementation 1,500,000 EIB 275,480,000 WBG Disbursing 1,500,000 EBRD 265,000,000 EIB Disbursing PRJ-SRB-TRA-006 WB4-SER-TRA-06 TA for Railway Infrastructure TMA 800,000 EIB EWBJF EIB 25/06/10 Finalised 30/11/14 800,000 Completed 500,000 EWBJF 80,000,000 EIB Repaying PRJ-SRB-TRA-007 WB4-SER-TRA-04 TA for Railways Rehabilitation II TMA EIB EIB 25/06/10 Finalised 30/06/14 164,000,000 Implementation 500,000 EIB 60,000,000 EBRD Estimated 77,000,000 EBRD Repaying PRJ-SRB-TRA-008 WB6-SER-TRA-10 Belgrade Road and Tram Network Upgrade Phase 2 DD, ATP, SOW, TMA, OTH 2,350,000 EBRD EWBJF EBRD 07/12/11 Finalised 01/11/19 126,451,370 Completed 20,000,000 EBRD Signed Reconstruction and Modernisation of Existing Railway Track and PRJ-SRB-TRA-009 WB8-SER-TRA-14 Construction of Second Track on Belgrade – Niš Railway Line, Stalac – FS, EIA, PD 1,507,500 EBRD IPF IPF3 06/12/12 Finalised 31/10/18 105,550,000 EBRD Disbursing 107,660,000 Preparation Djunis Section

58 59 MONITORING REPORT

Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) WB10-SER-TRA-02 Construction of Highway E-80 (Merdare – Doljevac) ID, PFS 904,500 EIB IPF IPF4 04/12/13 Finalised 27/09/15 Preliminary Design and Feasibility Study with ESIA for Construction of 100,000,000 EIB Signed WB13-SER-TRA-01 FS, ESIA, PD 1,708,500 EIB IPF IPF4 17/06/15 Finalised 30/06/19 Highway E-80 Orient/East-Med Corridor (Road R7), Construction of Niš – Merdare WB18-SRB-TRA-01 DD, TD 4,824,000 EIB IPF IPF6 13/12/17 Execution 28/08/21 Highway, Niš (Merošina) – Pločnik (Beloljin) Section: Detailed Design 85,000,000 EBRD Signed WB-IG03-SRB- Orient/East-Med Corridor: Serbia – Kosovo R7 Road Interconnection, Niš Tender PRJ-SRB-TRA-010 CF, TMA, SOW 41,461,200 EIB EWBJF EIB 06/12/18 Preparation 31/12/26 740,790,000 TRA-01 (Merošina) – Pločnik (Beloljin) Section preparation Preliminary Design and Feasibility Study with ESIA for Construction of FS, ESIA, PD IPF4 17 /06/16 Finalised 31/12/18 WB15-SRB-TRA-01 Highway E-80 in Serbia (SEETO Route 7): Kosovo (administrative crossing 2,205,975 EIB IPF 180,000,000 EIB Estimated Merdare) – Pločnik Section PD IPF5 17 /06/16 Execution 31/12/20 Orient/East-Med Corridor, Pločnik – Merdare Route 7 Highway Section: Pending WB24-SRB-TRA-04 DD, TD 5,025,000 EIB IPF IPF 30/12/20 180,000,000 EBRD Estimated Detailed Design, Tender Documents ToR Orient/East-Med Corridor (Route 10): Reconstruction and Modernisation of WB14-SRB-TRA-01 PFS 1,407,000 EIB IPF IPF5 16/12/15 Finalised 30/11/20 Stalac – Krajlevo – Rudnica Railway Sections PRJ-SRB-TRA-011 161,200,000 EIB Estimated 325,120,000 Preparation Orient/East-Med Corridor, Kraljevo – Rudnica Route 10 Railway Section: Pending WB24-SRB-TRA-02 FS, ESIA, PD, TD 3,718,500 EIB IPF IPF 30/12/20 Feasibility Study, ESIA, Preliminary Design, Tender Documents ToR Preparation of Design for Building Permit and Tender Documents for WB16-SRB-TRA-01 CD, FS, ESIA, PD, DD, TD 1,708,500 EIB IPF IPF7 15/12/16 Execution 15/10/21 Modernisation of Niš – Dimitrovgrad Railway line WB-IG01-SRB- Orient/East Med Corridor (CXc): Serbia – Bulgaria Rail Interconnection CF, SOW, TMA, CV 44,666,200 EIB EWBJF EIB 15/12/16 Execution 31/12/23 TRA-01 (Sicevo – Stanicenje – Dimitrovgrad Section) Tender PRJ-SRB-TRA-013 134,000,000 EIB Signed 268,280,000 WB-IG02-SRB- Orient/East-Med Corridor (CXc): Serbia – Bulgaria Rail Interconnection (Niš preparation CF, SAM, CV 28,375,540 EIB EWBJF EIB 13/12/17 Preparation 31/12/23 TRA-01 – Dimitrovgrad – Border with Bulgaria) Orient/East-Med Corridor, Serbia – Bulgaria CXc Rail Interconnection, Niš WB19-SRB-TRA-02 DD, TD 2,010,000 EIB IPF IPF7 18/06/18 Execution 14/01/22 Bypass: Design for Building Permit, Tender Dossier

Rhine-Danube Corridor, Belgrade Port: Pre-feasibility Study, Conceptual 19,900,000 EBRD Estimated PRJ-SRB-TRA-031 WB20-SRB-TRA-02 PFS, CD 804,000 EIB IPF IPF7 06/12/18 Execution 30/07/21 109,820,000 Preparation Design 52,230,000 EIB Estimated Mediterranean Corridor, Serbia – Croatia CX Rail Interconnection, PRJ-SRB-TRA-033 WB20-SRB-TRA-03 Belgrade – Šid – Border Between the Two States Section: Feasibility Study, FS, PD, ESIA, TD 3,015,000 EIB IPF IPF9 06/12/18 Execution 12/01/23 120,000,000 EIB Estimated 288,500,000 Preparation Preliminary Design, ESIA Orient/East-Med Corridor, Belgrade Marshalling Yard – Ostruznica – ToR PRJ-SRB-TRA-039 WB21-SRB-TRA-01 FS, PD, ESIA 804,000 EIB IPF IPF10 26/06/19 30,300,000 EIB Estimated 62,175,000 Preparation Batajnica Railway Line: Feasibility Study, ESIA, Preliminary Design completed REGIONAL DIGITAL INFRASTRUCTURE 1,397,500 WBG Signed PRJ-MULTI-DII-006 WB22-REG-DII-02 Balkans Digital Highway: Feasibility Study and Cost Benefit Analysis, FS, PD EWBJF WBG 17/12/19 Preparation 25/06/21 2,950,000 EBRD Signed 16,600,000 Preparation Preliminary Design 962,000 WBG 2,000,000 EIB Estimated ENERGY 803,141 IPF1 23/06/11 Finalised WB5-REG-ENE-02 400 kV Interconnection Serbia – Montenegro – Bosnia and Herzegovina FS, EIA EBRD IPF 08/04/15 152,859 IPF4 23/06/11 Finalised PRJ-MULTI-ENE-002 40,000,000 KfW Estimated 50,056,000 Preparation Technical Documentation Preparation and TSO Support for 400 kV WB13-REG-ENE-01 ESIA, DD 1,105,500 KfW IPF IPF7 17/06/15 Execution 28/09/21 Interconnection Serbia – Montenegro – Bosnia and Herzegovina WB5-REG-ENE-03 Regional Project Ionian-Adriatic Pipeline FS, EIA 3,500,000 EBRD IPF IPF2 23/06/11 Finalised 01/05/14 PRJ-MULTI-ENE-003 Preliminary Design for Ionian-Adriatic Gas Pipeline: Montenegro and 256,000,000 EBRD Estimated 292,000,000 Preparation WB15-REG-ENE-01 ESIA, PD 2,512,500 EBRD IPF IPF6 17/06/16 Execution 28/08/21 Albania Sections Brod (BiH) – Slavonski (Croatia) Gas Interconnection: Licka Jesenica – PRJ-MULTI-ENE-004 WB6-REG-ENE-07 Rakovica – Trzac – Bosanska Krupa Section and Branches to Bihac and FS, EIA, SIA 1,000,000 EBRD IPF IPF3 07/12/11 Cancelled Cancelled Velika Kladusa Bosnia and Hezegovina – Croatia South Gas Interconnection: Option 1 PRJ-MULTI-ENE-005 WB6-REG-ENE-08 PFS 400,000 EBRD IPF IPF2 07/12/11 Finalised 01/11/13 87,000,000 EBRD Estimated 120,400,000 Preparation Zagvozd – Posusje – Travnik, Option 2 Ploce – Mostar

Establishment of a Regional Energy Efficiency Programme for the Western 3,350,000 EWBJF 50,000,000 EBRD Disbursing PRJ-MULTI-ENE-006 WB7-REG-ENE-09 CF, EFA, FF, TMA EBRD EBRD 14/06/12 Execution 31/12/21 195,090,000 Implementation Balkans 20,000,000 EC 117,000,000 EBRD Repaying Strengthening of the Croatian North-South Main Transmission Axis Terms PRJ-MULTI-ENE-007 WB7-REG-ENE-11 FS, EFA, EIA 1,500,000 EBRD EWBJF EBRD 14/06/12 Finalised 31/03/19 100,000,000 EBRD 151,440,000 Preparation Enabling New Interconnection Development agreed

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Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) WB7-REG-ENE- Gas to Power Initiative and the Energy Community (EnC) Gas Ring in South PRJ-MULTI-ENE-008 SD 1,000,000 WBG EWBJF WBG 14/06/12 Finalised 30/06/18 961,538 Completed SD-14 East Europe WB9-REG-ENE- PRJ-MULTI-ENE-009 Sector Study on Biomass-based Heating in the Western Balkans SD 875,000 WBG EWBJF WBG 13/06/13 Finalised 31/07/18 840,000 Completed SPD-01 Technical Assistance for South East European Regional Security PRJ-MULTI-ENE-010 WB14-REG-ENE-01 SD 1,000,000 KfW EWBJF KfW 16/12/15 Finalised 30/09/20 1,000,000 Completed Coordination Initiative WB15-REG-ENE-02 Regional Energy Efficiency Programme for the Western Balkans - REEP Plus EFA, FF, TMA 1,800,000 EBRD EWBJF EBRD 17/06/16 Execution 31/12/23 77,500,000 EBRD Estimated 2,000,000 EBRD Disbursing 5,000,000 EBRD Disbursing 5,000,000 EBRD Disbursing 7,000,000 EBRD Disbursing 2,000,000 EBRD Disbursing 2,000,000 EBRD Disbursing

WB-IG01-REG- Regional Energy Efficiency Programme for the Western Balkans (REEP Plus) 1,500,000 EBRD Disbursing CF, FF, OTH 24,300,000 EBRD EWBJF EBRD 19/06/17 Execution 31/12/23 ENE-01 – EBRD Programme Implementation 3,000,000 EBRD Signed PRJ-MULTI-ENE-011 5,000,000 EBRD Signed 224,978,000 Implementation 5,000,000 EBRD Disbursing 5,000,000 EBRD Disbursing 5,000,000 EBRD Disbursing 4,000,000 EBRD Disbursing 6,000,000 EBRD Disbursing

WB-IG01-REG- Regional Energy Efficiency Programme for the Western Balkans (REEP Plus) 15,000,000 KfW Signed FF, OTH 5,100,000 KfW EWBJF KfW 19/06/17 Execution 30/12/23 ENE-02 - KfW Programme Implementation 19,000,000 KfW Signed

REEP Plus, Window 4 - Public Buildings: Structural and Energy Audits, 15,000,000 KfW Signed WB21-REG-ENE-04 OTH, FF 624,000 KfW EWBJF KfW 26/06/19 Preparation 31/12/23 Nearly Zero-Energy Buildings Designs 1,000,000 KfW Signed 80,000,000 EBRD Estimated PRJ-MULTI-ENE-012 WB15-REG-ENE-03 Pre-feasibility Study for Albania – Kosovo Gas Pipeline PFS 301,500 EBRD IPF IPF4 17/06/16 Finalised 31/12/18 201,750,000 Preparation 100,000,000 EBRD Estimated 1,252,589 IPF3 16/12/15 Finalised 28/09/18 PRJ-MULTI-ENE-013 WBEC-REG-ENE-01 A Regional Strategy for Sustainable Hydropower in the Western Balkans ID, SS n/a IPF 1,422,589 Completed 170,000 IPF7 16/12/15 Finalised 19/12/18 PRJ-MULTI-ENE-014 WB17-REG-ENE-01 Regional Study for Voltage Profile Improvement: Feasibility Study FS 1,005,000 KfW IPF IPF7 14/06/17 Execution 31/01/21 25,000,000 KfW Estimated 26,000,000 Preparation Regional Study on Renewable Energy Potential and Energy Efficiency in the PRJ-MULTI-ENE-015 WBEC-REG-ENE-02 SS 337,750 n/a IPF IPF5 22/01/18 Finalised 28/02/20 337,750 Completed Western Balkans WB-IG04-REG- Regional Energy Efficiency Programme for the Western Balkans (REEP Plus) CF, FF, CV 14,700,000 EBRD EWBJF EBRD 05/12/09 Preparation 17/07/25 75,000,000 EBRD Estimated ENE-01 – Extension to EBRD Programme Implementation PRJ-MULTI-ENE-016 195,765,973 Preparation WB-IG04-REG- Regional Energy Efficiency Programme for the Western Balkans (REEP Plus) CF, FF, OTH, CV 14,700,000 KfW EWBJF KfW 05/12/19 Preparation 30/12/26 85,000,000 KfW Estimated ENE-02 – Extension to KfW Programme Implementation ENVIRONMENT PRJ-MULTI-ENV-001 WB8-REG-ENV-03 Support to Water Resources Management in Drina River Basin RBMP, SD 1,200,000 WBG EWBJF WBG 06/12/12 Finalised 30/06/18 20,000,000 WBG Disbursing 21,152,000 Implementation WB9-REG-ENV- Development of the Study for Establishment of the Protection Zones of a PRJ-MULTI-ENV-002 SD 750,000 WBG EWBJF WBG 12/06/13 Finalised 30/12/20 720,000 Completed SPD-01 Klokot Source (Bihać) Intersected by Interstate Boundaries PRJ-MULTI-ENV-003 WB11-REG-ENV-01 Improvement of Joint Actions in Flood Management in the Sava River Basin OTH 2,000,000 WBG EWBJF WBG 12/06/14 Finalised 29/12/18 1,920,000 Completed Gap Analysis and Needs Assessment in the Context of Implementing EU PRJ-MULTI-ENV-005 WBEC-REG-ENV-02 SS 330,000 n/a IPF IPF4 09/12/14 Finalised 24/09/15 330,000 Completed Floods Directive in the Western Balkans PRIVATE SECTOR DEVELOPMENT Establishment of Western Balkan Venture Capital Fund (WBVCF) and WB5-REG-PSD-01 FF, OTH 2,200,000 EBRD EWBJF EBRD 07/12/11 Execution 30/12/22 Guarantee Facility (WBGF) PRJ-MULTI-PRI-001 294,100,000 Implementation Establishment of Western Balkan Venture Capital Fund (WBVCF) and WB10-REG-PSD-01 FF, OTH 3,300,000 EBRD EWBJF EBRD 04/12/13 Execution 31/12/22 Guarantee Facility (WBGF) Phase 2 WB7-REG-PSD- PRJ-MULTI-PRI-002 PPP Institutional Strengthening in the Western Balkans SD 1,000,000 EIB EWBJF EIB 14/06/12 Finalised 31/10/14 960,000 Completed SD-02

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Grant amount Estimated Project code Grant code Title of operation Grant services incl. imp. fees Lead IFI Source of Grant Approval Current Completion Loan (€) Loan Loan project cost Project stage (€) funds manager date stage date institution status (€) WB13-REG-PSD- Strengthening the Capacity of the Public Sector to Undertake PPPs in the PRJ-MULTI-PRI-003 SD 2,000,000 EIB EWBJF EIB 17/06/15 Finalised 27/06/19 1,920,000 Completed SDP-01 Western Balkans SOCIAL Pilot Project for Higher and Professional Education Finance in Southeast WB7-REG-SOC-03 FS, TMA, OTH 600,000 KfW EWBJF KfW 14/06/12 Finalised 31/12/14 Europe PRJ-MULTI-SOC-001 Cancelled WB9-REG-SOC- Higher and Professional Education Finance in Southeast Europe - Pilot FS, TMA 400,000 KfW EWBJF KfW 13/06/13 Finalised 31/12/15 SDP-01 Project Regional Housing Programme on Durable Solutions for Refugees and PRJ-MULTI-SOC-002 WBEC-REG-SOC-01 PFS 225,000 n/a IPF IPF2 02/11/11 Finalised 30/06/12 225,000 Completed Displaced Persons TRANSPORT WB7-REG-TRA- PRJ-MULTI-TRA-001 Updating the Regional Transport Study (REBIS) SD 600,000 WBG EWBJF WBG 14/06/12 Finalised 30/06/15 576,923 Completed SD-02 PRJ-MULTI-TRA-002 WB14-REG-TRA-01 Feasibility Study for Adriatic-Ionian Highway/Expressway (Routes 1 & 2) FS 3,517,500 EBRD IPF IPF5 16/12/15 Finalised 31/12/20 3,500,000 Preparation WBEC-REG-TRA-01 Regional Connectivity Networks Gap Analysis SS 500,000 n/a IPF3 16/12/15 Finalised 28/04/17 PRJ-MULTI-TRA-003 IPF 565,250 Completed WBEC-REG-TRA-02 Update of the Connectivity Network Gap Analysis SS 65,250 n/a IPF5 06/05/19 Finalised 29/03/20

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European Commission Directorate General Neighbourhood Policy and Enlargement Negotiations Western Balkans Regional Cooperation Unit WBIF Secretariat

www.wbif.eu [email protected] 66