EBRD strengthens climate resilience in Serbia
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The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €66 million to support the construction of a multipurpose dam in western Serbia. The Pambukovica dam project aims to strengthen climate resilience, protect communities from flooding, and improve long-term water security in the Kolubara River basin.
The EBRD is supporting Serbia's efforts to strengthen climate resilience through the Pambukovica dam project. The project involves constructing a multipurpose dam and reservoir near the village of Pambukovica. The dam will reduce flood risks, protect people's lives and homes, and support future irrigation. The project will also ensure ecological flow management and improved water quality. The EBRD's loan of up to €66 million will support the construction and operation of the dam. The project is expected to enable the development of irrigation systems serving over 2,200 hectares of agricultural land.
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