China's Exim Bank to approve US$ 1.1bn to build Serbia’s Corridor 11 motorway

The Serbian government has reported that it is planning to sign a loan agreement with China's Exim Bank for new loans worth US$ 1.1 billion for construction of the Corridor 11 motorway. Minister of Finance, Mladan Dinkic, said that the loan will be used for construction of the Belgrade-Ljig and Pojate Preljina motorway parts. The contract agreement is due to be signed by the end of 2012 or beginning of 2013. Works are expected to start sometime next year.
October 2, 2012 Read time: 1 min
The Serbian government has reported that it is planning to sign a loan agreement with China's Exim Bank for new loans worth US$ 1.1 billion for construction of the Corridor 11 motorway.

Minister of Finance, Mladan Dinkic, said that the loan will be used for construction of the Belgrade-Ljig and Pojate-Preljina motorway parts. The contract agreement is due to be signed by the end of 2012 or beginning of 2013. Works are expected to start sometime next year.

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
  • Serbia secures €13bn for road and other infrastructure projects
    February 21, 2014
    A total of €13 billion has been secured for investments in Serbian road and other infrastructure projects, according to Serbia’s president and minister of transport, Velimir Ilic. President Ilic said that the funding will be used for construction of the road Corridor 11, between Belgrade and Pozega, the continuation of works between Pozega to Boljare in Montenegro, and the connection of Valjevo with Corridor 11, including further works through Ljubovija and Bratunac. He also said that the multi-million eur
    Read More
  • Serbia highway project; financing secured
    May 24, 2019
    The Serbian Government has secured a financing package to help pay for a key highway project. A loan worth €385.8 million is being provided by China’s Export-Import Bank for the construction of the Preljina-Pozega highway. In addition, the Serbian Government is also being provided with an €867 million loan from China’s Export-Import Bank for the development of the Novi Sad-Subotica railway line.
    Read More
  • Delay for major Serbian highway project
    August 19, 2016
    Construction work on Serbia’s Ljig-Preljina highway, the Corridor 11 Project, is being delayed. The delay has been caused by complications involving the construction of the tunnel and bridge sections. The construction work is being carried out by the Azerbaijan contractor Azvirt, with local firms carrying out sub-contracting projects. The new route is expected to open around 40 days later than originally expected as a result. Meanwhile the improving political relations between Serbia and its neighbour Ko
    Read More

Highlighted Content