The European Bank for Reconstruction and Development (EBRD) has provided Macedonia wirh a €5.6m loan to implement a modern traffic management system and upgrade one of the key arteries in its capital Skopje.

The scope of work involves the installation of traffic signals and traffic signal controllers. which will be linked to an automated control centre through a dedicated fibreoptic network, as well as new traffic surveillance cameras and electronic traffic message signs at key junctions.

The loan will also finance the reconstruction of one of the principal traffic corridors in Skopje – Prvomajska Street, which connects the centre with the south-eastern part of the city.

The project will transform the street into a four-lane road with reconstructed pavements, new footways and cycle tracks, as well as new drainage, lighting and signage.

The project will improve traffic safety for motorists and pedestrians in the Macedonian capital, as well as reduce travel times and ease congestion.

The implementation of the project is also supported by €880,000 in technical assistance funding provided by the EBRD and the Government of Austria.