Progress is being made with Serbia’s Corridor 11 highway project

Work is underway in Serbia for the Corridor 11 highway project and a number of local firms are now carrying out construction work on the Corridor 11 section from Ub to Lajkovac. Meanwhile Azvirt from Azerbaijan is preparing the Ljig to Preljina stretch of the highway, with the €300 million work being financed by Azerbaijan. The Serbian Government is asking China’s Exim Bank for a long term loan of €850 million, of which €300 million would be for the Corridor 11 project and €550 million would be for the Mora
October 8, 2012 Read time: 2 mins
Work is underway in Serbia for the Corridor 11 highway project and a number of local firms are now carrying out construction work on the Corridor 11 section from Ub to Lajkovac. Meanwhile 5414 Azvirt from Azerbaijan is preparing the Ljig to Preljina stretch of the highway, with the €300 million work being financed by Azerbaijan. The Serbian Government is asking China’s Exim Bank for a long term loan of €850 million, of which €300 million would be for the Corridor 11 project and €550 million would be for the Moravski Corridor. Work on the new highway on the Belgrade-Montenegro border will commence in Spring 2013. The Lajkovac to Ljig section will see work start in the near future. Five Chinese contractors have shown interest in the project along with other foreign companies. One offer has come from a Chinese company for a 50km section of the Corridor 11 highway, which could be through either a concession, or a public-partnership model. This section of the highway will connect Ub-Lajkovac and Obrenovac-Ub and was submitted at the beginning of September 2012. A feasibility study has yet to be carried out and this will provide an estimate for the cost of the project, while any concession package would be expected to last from 20-30 years.

For more information on companies in this article

Related Content

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Chinese funding financing Serbian road development
    May 19, 2017
    A Chinese contractor looks likely to be building sections of the Corridor 11 highway in Serbia. This follows successful discussions between Serbia and China. These relate to the sections of Corridor 11 from Preljina to Pozega and from Pozega to Boljare that lead towards the border with neighbouring Montenegro. Meanwhile discussions are also being held between Serbia and China with regard to the Ruma to Novi Sad highway, which is also known as the Fruskogorski Koridor. The works are expected to be worth €400
    Read More
  • Serbia project for Chinese?
    December 11, 2012
    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. The CRBC is already participating in construction of Serbia’s Zemun-Bora bridge. Ilic added that the World Bank (WB) had expressed interest in funding a
    Read More
  • Road investment benefit for Montenegro
    February 11, 2014
    China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed fro
    Read More

Highlighted Content