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

  • Pakistan enhances road link with Afghanistan
    November 22, 2024
    Pakistan has enhanced the road link with Afghanistan and Centra Asia.
    Read More
  • Indonesia focusing on strategic toll road construction
    November 4, 2020
    Indonesia is focusing on developing strategic toll road construction projects.
    Read More
  • New Zealand’s Waterview project is moving closer to completion
    December 13, 2016
    New Zealand’s biggest road project is less than a year away from completion, and a lot of progress has been made since World Highways last looked at the project two years ago - Mary Searle Bell reports New Zealand’s Waterview project is moving closer to completion and will be the largest road project in the country. The NZ$2 billion Western Ring Route will see the creation of an alternative motorway to State Highway 1, which runs through the centre of Auckland. The 47km-long motorway will allow a large p
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More

Highlighted Content