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

  • China loans €249.61mn for Serbia Corridor 11 motorway
    August 14, 2013
    Serbian Minister of Construction, Velimir Ilic, has announced that the Chinese Ministry of Economy has approved Serbia a loan of €249.61 million for the construction of the Corridor 11 motorway. Ilic said that the works on the motorway will begin in September 2013, after the loan was approved by China's Exim Bank at the end of June 2013. The major infrastructure project will include construction of the Obrenovac-Ub and Lajkovac-Ljig motorway sections covering a total length of 50km. The Chinese company Shan
    Read More
  • Serbia and Bosnia consider options for a Belgrade-Sarajevo project
    December 19, 2016
    Serbia and Bosnia have started talks on constructing a fast highway between the Serbian capital Belgrade and Sarajevo, capital of Bosnia and Herzegovina. Serbian Vice President Zorana Mihajlovic met with the Bosnian minister of transport, Ismir Jusko, to agree on forming a joint working group to consider routes and road construction, according to the Serbian newspaper B92. Mihajlovic said that Serbia's main focus is for building the 100km Pozega-Visegrad section, of which 60km is in Serbia and 40km in
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Serbia upgrading infrastructure
    May 2, 2012
    Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci. So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget. Wh
    Read More

Highlighted Content