The EBRD loan will be accompanied by a loan of up to €25m from the European Investment Bank (EIB).
SMATSA, the air traffic services agency that covers the air space of Serbia and Montenegro, is 92% owned by Serbia and 8% owned by Montenegro through a limited liability company incorporated in Serbia.
The loan will be used to finance the upgrade of SMATSA's air navigation information technology system to the latest TopSky ATC One version developed by Thales Air Systems. This advanced software will enhance operational capabilities, maximise runway capacity and reduce delays, ultimately improving air traffic flow management. The upgrade will also boost SMATSA’s efficiency and lower costs by reducing delay penalties and maintenance expenses.
Beyond operational improvements, the project emphasises workforce development, offering market-relevant training and strategic workforce management. Through an inclusive out-reach campaign, SMATSA aims to attract youth to its ranks, with a focus on increasing the representation of women in the aviation sector.
The loan agreement was signed by Matteo Colangeli, EBRD regional head of the Western Balkans, and SMATSA CEO Predrag Jovanović.
“We are grateful to the EBRD for its support. This investment will improve the quality of the services SMATSA provides and significantly contribute to operational efficiency. The capacity will be increased, and delays reduced, benefiting airlines and passengers alike. The project is in line with the "Green Agenda" and contributes to the reduction of CO2 emissions,” said Jovanović.
