Azerbaijan loan for Belgrade-South Adriatic motorway

The President of Azerbaijan, Ilham Alijev, has reportedly approved an agreement that will see Serbia receive US$407.75million for the construction of a section of the Belgrade to South Adriatic motorway. The loan for the motorway section between Ljig and Preljina will be repayable over a 15 year period, with a grace period of three years and a fixed interest rate of 4%. The construction project, which will include five tunnels and over 60 bridges, will be carried out by the Azerbaijan-based company Azvirt
May 2, 2012 Read time: 1 min
The President of Azerbaijan, Ilham Alijev, has reportedly approved an agreement that will see Serbia receive US$407.75million for the construction of a section of the Belgrade to South Adriatic motorway.

The loan for the motorway section between Ljig and Preljina will be repayable over a 15 year period, with a grace period of three years and a fixed interest rate of 4%. The construction project, which will include five tunnels and over 60 bridges, will be carried out by the Azerbaijan-based company 5414 Azvirt along with several Serbian construction firms.

For more information on companies in this article

Related Content

  • ADB to loan Uzbekistan government US$ 220mn for highway reconstruction
    December 20, 2012
    The Asian Development Bank (ADB) is to loan the Uzbekistan government US$220 million for highway reconstruction projects. The Uzbekistan authorities will use the funds, which will cover 25 years and come with a five-year grace period, to reconstruct sections of the 75km Tashkent – Osh highway. The two-lane asphalt coating will be replaced with a four-lane cement concrete coating.
    Read More
  • Serbian bridge to go ahead
    July 3, 2012
    DELAYS are facing construction work on Serbia’s Corridor 10 highway project. The country’s present administration has explained that the previous government left debts of €300 million and that many planned projects had been left uncompleted, with only the draft of the Serbian Urban Plan being finished. The Dimitrovgrad Ring Road is opening to traffic but other links are delayed or well behind schedule. Meanwhile a €170 million deal for construction of the Zemun-Borca Bridge has been signed with Chinese comp
    Read More
  • Montenegro to start work on its Bar-Serbian border motorway
    May 6, 2015
    China's Exim Bank has paid €94.30 million as the first installment for construction of the first part of the Bar-Serbian border motorway. Montenegro’s minister of finance, Radoje Zugic, said that construction is expected to begin within the next few weeks. Exim Bank has approved 85% of the total €810 million load, payable over 20 years, for construction of the first part of 49km of the motorway. Is set at 2% with a grace period of six years. Total length of the motorway will be 170km.
    Read More
  • Framework solutions speed bridge construction
    February 24, 2012
    Framework plays a key role in construction of bridges and other major infrastructure works – Mike Woof writes Speeding construction processes can help reduce costs considerably and the latest formwork solutions can provide significant benefits in this regard. In many projects the use of standardized and modular formwork solutions can play a key role, reducing the planning and systems required for bridge building work.
    Read More

Highlighted Content