11. Road Route 4 construction – Section Podgorica–Matesevo

SEETO No: SEETO CN position:
Route 4
Transport mode:
Overall project objective:
Route 4 stretches from the Romanian border through Belgrade to the Adriatic Sea, providing an international connection from the port of Bar to Corridor X and further on to Romania. The total length of the route is 597 km, with 19 km of full motorway profile in Serbia. With regard to the condition of infrastructure, the state of the road varies widely due to the difficult terrains and mountainous areas.
Project benefits:
Serbia is the main generator of HGV traffic with 40% of international HGV traffic coming from/going to Serbia. While this represents a large percentage of the HGV demand, it in fact represents less than 0.6% of the overall inter-municipal movements for all vehicles and only a small number of trips in absolute terms (369 trips). Even though these HGVs would profit hugely from the improvements to the SEETO Route 4 Corridor, the economic benefits linked to these would be minor within the wider economic context.
Economic / Financial / Environmental indicators:

EIRR: 4.5 %
NPV: 4.5 (in EUR million)
Discounted benefits per km – 158,61 (in EUR million)

Total cost (M€) 501.6
Section Type of work Length (km)
 Podgorica-Matesevo  New