Harrisons, working with Bird & Bird, has advised the EBRD on a EUR 20 million loan to Serbia and Montenegro Air Traffic Services SMATSA.
SMATSA is an air traffic services agency that covers the air space of Serbia and Montenegro.
According to Harrisons, “the proceeds of the loan shall be used to finance the upgrade of SMATSA’s air navigation IT system to the latest TopSky ATC One version. This software will enhance operational capabilities, maximize runway capacity, and reduce delays, ultimately improving air traffic flow management. It will also boost SMATSA’s efficiency and lower costs by reducing delay penalties and maintenance expenses. This project will be co-financed by the European Investment Bank under a separate financing agreement between SMATSA and EIB.”
The Harrisons team included Consultant Ines Matijevic-Papulin and Associates Mina Zeljkovic and Aleksandar Jovicevic.
