Chinese firm to offer €2.5bn for construction of Serbian motorway

Serbian Minister of Construction and Urbanism, Velimir Ilic, claims the China Roads and Bridges Company (CRBC) has verbally agreed to invest €2.5 billion (US $ 4.8bn) to enable the construction of the Corridor 11 motorway. Ilic said that an official CRBC offer to fund and build the key motorway route will be submitted from the beginning of September 2012.
August 23, 2012 Read time: 1 min
Serbian Minister of Construction and Urbanism, Velimir Ilic, claims the 3366 China Road and Bridge Corporation (CRBC) has verbally agreed to invest €2.5 billion (US $ 4.8bn) to enable the construction of the Corridor 11 motorway.

Ilic said that an official CRBC offer to fund and build the key motorway route will be submitted from the beginning of September 2012. The CRBC is already participating in construction of Serbia’s Zemun-Borča bridge. Ilic added that the 2332 World Bank (WB) had expressed interest in funding a new energy efficiency project, which could create 100,000 jobs in the construction sector.

For more information on companies in this article

Related Content

  • Serbian highway plans nearing completion
    October 26, 2020
    Serbian highway plans are nearing completion.
    Read More
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More
  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More
  • Progress on Serbia’s Zezeljev bridge replacement is slow
    August 30, 2017
    Construction of the Zezeljev rail and road bridge across the Danube River is facing further delays, according to the Serbian government. Work on the 470m-long new bridge was supposed to be finished by this month. But national elections and changes of government have hampered progress, Serbian media have reported. The original bridge was completed in 1961 as a single-track railway line and separate roadway between the cities of Novi Sad and Petrovaradin. NATO attacked the structure five times during its camp
    Read More

Highlighted Content