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

  • Serbia, Turkey formalise cooperation for Belgrade-Sarajevo motorway
    October 20, 2017
    Serbia has cemented its cooperation deal with Turkey for construction of the Belgrade-Sarajevo motorway at an estimated cost of around €830 million. The 60km motorway will be an extension of the Corridor 11 project and start where the 31km long Preljine-Pozega segment of Corridor 11 ends, Serbian media reported.
    Read More
  • Serbia starts in-depth talks with the Chinese for Corridor 11 work
    May 7, 2015
    Serbia has entered into “in depth” negotiations with two Chinese companies for concession contracts along the Corridor 11 motorway between Belgrade and the Montenegrin border. Shandong High Speed Group and the China Road and Bridge Corporation (CRBC) are the two Chinese companies that have passed the pre-qualification process. The project value has not been mentioned. Serbian vice president Zorana Mihajlovic said that the Chinese have requested guarantees for transport and Serbia is considering this a
    Read More
  • Montenegro on the ropes over China deal
    April 13, 2021
    The first 41km of highway cost €20 million per kilometre - one of the most expensive highways in the world.
    Read More
  • New tunnel link in Serbia’s capital Belgrade
    April 16, 2012
    Works on Serbia’s Strazevica tunnel is due for completion in May 2012. The tunnel forms part of the Belgrade ringroad. Serbia’s Government is also planning to finish the construction of a total of 200km of the Corridor 10 motorway, following the completion of the Strazevica-Bubanj and Batajnica-Dobanovci sections. Work on the remaining 130km will commence soon. Meanwhile work on the Ljig-Preljina section of Corridor 11 is now underway.
    Read More

Highlighted Content