M-NAV, the Macedonian National Air Navigation Service Provider, has received a loan from the European Bank for Reconstruction and Development (EBRD) to finance the upgrade of its air navigation system in order to comply with European Union standards. The project, which is valued at thirteen million euros, will include the installation of a mew Air Traffic Management (ATM) system, the upgrade of several communication facilities, the installation and testing of a new VHF radio system, new voice communications system and a new digital system for recording voice channels (Voice Logging System). Furthermore, a new surveillance radar will be installed and meteorological equipment at Skopje and Ohrid airports will be improved. Preparations for the project initially began in 2014, while tender procedures were recently launched and will run until March 6. The installation of the new technology is expected later in 2017.