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

  • FIDIC signs key agreements for China and Africa
    January 30, 2020
    FIDIC has signed two important agreements for key international markets.
    Read More
  • Bosnia tags China Shandong to build Banja Luka-Prijedor motorway
    February 16, 2018
    Bosnia’s autonomous Republika Srpska has picked China Shandong International and Technical Cooperation to construct and operate the Banja Luka-Prijedor motorway. Talks with China Shandong start this month for the 25-30 year concession for the 42km motorway. The company will fund construction and then collect tolls as part of repayment, according to media reports. The cost is estimated to be around €298 million and construction finish is expected to be in 2023. In November, Autoputevi RS, Republika Srpska
    Read More
  • Algeria signs off two contracts of Hauts Plateaux motorway work
    January 5, 2015
    The Algerian Council of Ministers has approved two contracts for stretches of road on the Hauts Plateaux motorway. No details of the contractors were given for the work that is to link Lambidiri to Draa Lahmar via Ouled Fadhel. Construction is expected to take 18 months. Last March, World Highways reported that work on the 1,000km Hauts-Plateaux motorway project was to begin that month. Construction cost for motorway’s 10 sections was estimated to be around US$8.94 billion, according to Algerian Minis
    Read More
  • US$9bn needed for Greater Mekong Subregion roads and other development
    January 23, 2013
    A further US$ 9 billion is required to complete the development of the Greater Mekong Subregion (GMS), according to the National Economic and Social Development Board of Thailand. The new investment will cover development of roads, special economic zones, border towns, ports and facilities at important checkpoints in the GMS’s six states of Cambodia, Laos, Myanmar, Thailand, Vietnam, and the Yunnan Province of China. The North-South Economic Corridor's transport network will, it’s reported, be confirmed onc
    Read More

Highlighted Content