The government of Serbia will allocate RSD313.6bn (€2.68bn) for 2025 to fund 56 large-scale infrastructure and development projects, according to its 2025 Fiscal Strategy published on November 6.

This major investment package is part of the country's ongoing efforts to enhance its infrastructure, while supporting economic growth. Serbia has yielded high growth rates thanks to robust foreign direct investment (FDI) and significant government capital expenditure, including preparations for EXPO 2027.

The largest investment in 2025 will be directed towards the EXPO in Belgrade, with RSD46bn set aside for expanding exhibition zones, business spaces, and landscaping. Serbia has already spent RSD43bn on Expo-related developments this year.

Road infrastructure is another priority, with RSD30bn allocated for the Morava Corridor’s Preljina-Pojata section. Additional funding will target other essential routes, including the Milos Veliki highway, the Belgrade-Sarajevo highway, and highways linking Belgrade to Zrenjanin and Nis to Plocnik.

Urban development projects include RSD6bn for a “small metro” tunnel in Belgrade connecting Karadordeva Street to the Danube slope. Additionally, the redevelopment of the port of Belgrade will receive an initial RSD400mn, with projected investments reaching nearly RSD2.5bn by 2026.

Railway projects feature prominently, with the reconstruction of the Nis-Dimitrovgrad railway receiving RSD13bn and a new railway between Zemun Polje and the National Stadium slated for RSD18bn.

The government also budgeted RSD2.16bn for a new bridge over the Sava River, while RSD18.6bn will go towards constructing the National Stadium in Surcin. The stadium, part of the Expo Belgrade complex, is expected to cost RSD67.5bn in total.

Serbia's largest municipal infrastructure project—an initiative for managing sewage and waste, valued at RSD367.9bn—will receive RSD10bn in 2025. The project, launched in 2021, is led by the Infrastructure Ministry in cooperation with China Road and Bridge Corporation.

Serbia’s capital expenditure for key projects is expected to reach RSD2.465 trillion by 2027, furthering the country's infrastructure development goals and economic expansion.