Minister of Construction, Transport and Infrastructure Goran Vesić announced today that the Jadar project will involve collaboration with European partners, ensuring that over 85% of the ore remains within Serbia. In an interview with Diplomacy & Commerce magazine, Vesić outlined that a series of factories will be established to process the ore into finished products, including batteries and components for automotive manufacturing. This project aligns with European policies that favor the utilization of mineral deposits by European companies.
Vesić highlighted that this project signifies the EU’s first clear and concrete economic interest in cooperating with Serbia, which he believes marks a significant step toward Serbia’s EU integration. He noted that while formal accession may take several years, Serbia is on track to join the EU, possibly alongside Montenegro.
The minister emphasized that the Jadar project will adhere to the highest European standards. He assured that, in addition to local institutions, top European institutes, including German partners with extensive experience, will be involved in the environmental impact assessment. Vesić expressed confidence that the project will meet stringent environmental requirements.
The Jadar project is expected to create nearly 20,000 new jobs, both directly and indirectly, and will lead to higher wages and approximately six billion euros in investments. Vesić pointed out that Serbia’s investments last year totaled 4.5 billion euros, with 2.3 billion euros invested in the first half of this year alone. He highlighted that these investments would significantly boost Serbia’s GDP, improve living standards, and elevate wages and pensions.
Addressing concerns about misinformation and political controversy surrounding the project, Vesić stated that the focus should remain on discussing environmental impacts and adhering to both Serbian and EU standards. He assured that public consultations will be part of the process, allowing citizens to voice their opinions and understand the project’s implications.
In addition to the Jadar project, Vesić provided updates on regional infrastructure. He announced that the Novi Sad-Subotica high-speed rail line would be completed by the end of the month, with station buildings being finalized. New stations will be added along the line, including Vrbas and a new station between Mali Iđoš and Lovćenac. Vesić also mentioned the need for new trains for this route.
Looking ahead, Vesić revealed plans to build four additional regional railways in Vojvodina, with construction expected to start by the end of the year. These projects aim to complete 50 kilometers of railway by 2026 and improve connectivity between Subotica, Novi Sad, Srboban, and Vrbas. The new infrastructure will include a bypass around Vrbas, an industrial zone, and a high-speed railway.
