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

  • Serbia in talks with Chinese firms over Corridor 11 completion
    February 12, 2015
    Serbia will enter into talks with two Chinese companies chosen through a tender process that expired this month for restarting construction on the stalled Corridor 11 motorway. Serbian Minister of Construction Zorana Mihajlovic said Shandong Hi-Speed Group and the China Road and Bridge Corporation qualified for tender participation. Work includes construction and maintenance of 17.6km of motorway near Belgrade, between Surcin and Obrenovac as welll as the 31km Preljina-Pozega road and maintenance of t
    Read More
  • Serbia ponders Chinese firm for Pozega-Boljare concession
    March 17, 2017
    Serbian prime minister Aleksandar Vucic said that part of the future Pozega-Boljare motorway towards Montenegro could be let under a concession to China. Meanwhile, Serbian minister of construction and infrastructure Zorana Mihajlovic, has said that around €9 billion of all types of infrastructure projects are underway. Included is the Corridor 10 motorway, due for completion by the beginning of 2018 and the 103km Obrenovac-Preljina motorway set for completion by the end of this year, as well as project
    Read More
  • Serbia ponders penalties for Azvirt over Ljig-Preljina delays
    September 9, 2016
    The Serbian government has said it could issue penalties to the Azerbaijani construction company Azvirt for delays to work on the Ljig-Preljina Corridor 11 motorway project. Completion was set for the middle of next month. But last month the government said delays of around a month were due to problems construction the tunnel and bridge sections. The new route is expected to open around 40 days later than originally expected as a result.
    Read More
  • Serbia and Bosnia consider options for a Belgrade-Sarajevo project
    December 19, 2016
    Serbia and Bosnia have started talks on constructing a fast highway between the Serbian capital Belgrade and Sarajevo, capital of Bosnia and Herzegovina. Serbian Vice President Zorana Mihajlovic met with the Bosnian minister of transport, Ismir Jusko, to agree on forming a joint working group to consider routes and road construction, according to the Serbian newspaper B92. Mihajlovic said that Serbia's main focus is for building the 100km Pozega-Visegrad section, of which 60km is in Serbia and 40km in
    Read More

Highlighted Content