Serbia project for Chinese?

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
December 11, 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-Bora 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

  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More
  • New cross border connection between Serbia and Macedonia
    August 19, 2014
    Plans are in hand in Macedonia for the new highway that will run from Bar to the Serbian border. The Macedonian Government recently held talks with Chinese construction company CRBC with regard to the project. The Chinese contractor is commencing construction once a loan from China’s Exim bank is fully secured. Meanwhile over the border in Serbia, the Ministry of Transport has said that 2014 will see some 60km of new major roads opening to traffic. In 2015 work on another 210km of roads will commence in the
    Read More
  • New bridge due to open in Serbia
    October 14, 2014
    Serbia’s Ministry of Construction, Transport and Infrastructure says that the new Zemun-Borca Bridge will open by 20th December 2014. The Zemum Bridge project will be complete within the planned timeframe, with this work including the access roads. The structure spans the Danube River and will now be named the Pupinov Bridge, after the Serbian scientist Mihajlo Pupin following a decision by the City Board of Belgrade. Much of the work has been carried out by the Chinese contractor; The Second Harbor Enginee
    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

Highlighted Content