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

  • Chinese investment sought for Cameroon roads
    September 19, 2024
    Chinese investment is being sought for Cameroon’s road improvements.
    Read More
  • Serbian highway work underway
    April 1, 2022
    Serbian highway work is underway at present.
    Read More
  • Serbia: Works on Fruskogorski Corridor to begin next year
    August 4, 2015
    Serbia’s Minister of Construction and Infrastructure, Zorana Mihajlovic, has said that work on the Fruskogorski Corridor motorway will start in the middle of next year. However, she also said talks are due to be held regarding financing of the project. A tender for technical documentation for the project is ongoing and due to be completed by March 2016. The project value has not been mentioned, according to a report by the Serbian news wire agency Tanjug.
    Read More
  • Bulgaria: back on track?
    July 23, 2012
    Several important Bulgarian road projects are expected to gain momentum over the coming weeks, a welcome boost for a sector that has been beset by delays in the past. In mid-September, the National Road Infrastructure Agency (NRIA) announced that it would soon be declaring new tenders for the construction of two key road projects worth a total of US$94 million (approximately €68.8 million). One section will link the south-eastern city of Kardzhali to Podkova, near the Greek border: the second will connect t
    Read More

Highlighted Content