State to Take Out Loan of EUR 200 Million from Council of Europe Development Bank for Construction of BIO4 Campus

The Government of Serbia has adopted the bill on confirming the framework loan agreement between the Council of Europe Development Bank and the Republic of Serbia for the construction of the BIO4 Campus in Belgrade. The estimated total costs of the project, as said in the explanation of the law, amount to EUR 413.5 million, and a loan of EUR 200 million is planned.

The project consists of eight components:

– Faculty of Biology (22,769 m2, 24.3 m in height),
– Institute Complex – Unit 1 (29,763 m2, 22.3 m and 30.3 m in height),
– Institute Complex – Unit 2 (19,522 m2, 22.3 m and 30.3 m in height),
– Vivarium (5,453 m2, 10.3 m in height),
– Science-Technology Park and Idea Center (25,836 m2, 24.3 m and 30.3 m in height),
– Central BIO4 Campus User Meeting Place – “Minglarium” (20,916 m2, 35.5 m and 43.5 m in height),
– Specialized equipment.

The total construction area of 159,974 m2 includes 34,392 m2 of an underground garage, an additional 7,172 m2 is meant for an aboveground parking lot and roads, and the development area, including green buildings and roofs, is estimated at 31,772 m2.

The works entail the construction and equipping of the BIO4 Campus Belgrade, an all-encompassing research and development complex dedicated to biosciences (BIO4 is short for biomedicine, bioinformatics, biotechnology and biodiversity), more accurately, the planned works entail the construction and securing of the standard equipment for seven construction blocks (components) and securing specialized research equipment.

The final date of the availability of the loan funds is December 31, 2027, and the period of the realization of the project is envisaged between 2023 and 2026. The loan is to be realized in at least two tranches.

Representatives of the Government of Serbia and Pfizer Serbia and AstraZeneca recently signed Memorandums of Understanding as a confirmation of the partnership within the new bio-economic center in Belgrade, named BIO4 Campus.

In a separate article, you can read about what the BIO4 Campus will look like and what it will consist of.

I. Z.

Vlada Republike Srbije

Pfizer Beograd

Predstavništvo Astra Zeneca UK Limited Beograd

Government of Serbia

Council of Europe Development Bank

Pfizer Serbia

AstraZeneca

bill on confirming the framework loan agreement between the Council of Europe Development Bank and the Republic of Serbia for the construction of the BIO4 Campus

BIO4 Campus

construction of BIO4 Campus