The proposed national football stadium, with a projected cost of 257 million euros, has raised questions about its justification and potential return on investment. A feasibility study conducted three years ago suggested that the stadium may not be financially viable, with a projected return on investment expected in 37 years.
Despite concerns about the stadium’s economic feasibility, it is still set to be built as it aligns with the “vision of the client,” the Government of Serbia. The study was commissioned by the government and conducted by the Chinese company China Railway 14th Bureau Group Co.Ltd.
The origins of the project date back to 2014, with President Aleksandar Vučić citing economic benefits as a primary motivation for the construction. However, critics, such as Marko Milanović from the Fiscal Council, have raised concerns about transparency and financing, as the project is likely to be funded through borrowing.
Critics argue that taxpayers deserve more transparency and clarity regarding the project’s costs, timelines, and potential impacts. The debate surrounding the national stadium highlights the complexities of large-scale infrastructure projects and their implications for public finances.
Source: RSE
Photo: Radio Slobodna Evropa