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

  • IRF Global Road Achievement Awards (GRAA) Winning Project: Morava Corridor Motorway
    April 29, 2025

     

    Bechtel and ENKA each boast rich histories, and together, possess nearly 200 years of combined experience—an impressive feat in today’s competitive landscape. For 35 years, the joint venture has tackled some of the industry’s most challenging motorway projects. The Morava Corridor Motorway Project’s program management exemplifies a commitment to excellence, representing a complex endeavor that few can undertake.  

    Read More
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More
  • GRAA winner profile: world’s longest suspension bridge has opened in Turkey
    May 3, 2022
    The opening of the majestic 1915 Canakkale Bridge on March 18, 2022, well ahead of its initial schedule, has set new records for Turkey and international bridge engineering. After Istanbul's three bridges over the Bosphorus Strait, Turkey now boasts a fourth bridge connecting Europe and Asia, and the first to span the Dardanelles Strait.
    Read More
  • Bosnia gets EBRD loan for Corridor 5c work
    January 8, 2024
    The project will include the construction of an interchange and a 15 km dual-carriage motorway section, along the Mostar North-South section.
    Read More

Highlighted Content