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
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.
