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

  • Delay for major Serbian highway project
    August 19, 2016
    Construction work on Serbia’s Ljig-Preljina highway, the Corridor 11 Project, is being delayed. The delay has been caused by complications involving the construction of the tunnel and bridge sections. The construction work is being carried out by the Azerbaijan contractor Azvirt, with local firms carrying out sub-contracting projects. The new route is expected to open around 40 days later than originally expected as a result. Meanwhile the improving political relations between Serbia and its neighbour Ko
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Ayala interest in private-public partnership projects in Philippines
    November 6, 2012
    Philippines-based conglomerate Ayala Corporation, together with its subsidiaries, is interested in at least US $ 1.85 billion worth of private-public partnership projects that are to be bid out by the government. The projects are to include the Daang Hari toll road worth US $ 50million which Ayala has already gotten the contract for, said Ayala's managing director and head of corporate strategy John Eric Francia. Ayala is reportedly interested in making bids for projects such as the LRT2, the US $ 700millio
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More

Highlighted Content