Skip to main content

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

  • IRF hosts high-level debate on the Belt & Road Initiative (BRI) at ITF Summit 2019
    August 12, 2019
    HE Mehmet Cahit Turhan, minister of Transport and Infrastructure of Turkey, opened with a keynote address at the session on "The Belt & Road: Bridging the gaps for sustainable transport and growth in EurAsia". This was organised by the International Road Federation (IRF) on 22nd May 2019 at the ITF Summit 2019 in Leipzig. The panel included top representatives from the World Bank, BSEC, AIIB, IATA, Michelin and PwC and offered a deep insight into key topics surrounding the BRI. Organised jointly with th
  • Another bridge over the River Drina
    October 29, 2020
    Cost of the two-lane bridge between Bosnia and Serbia is reportedly around €13 million.
  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli
  • New road and bridge project for Serbia
    May 7, 2020
    New road and bridge projects are being planned for Serbia.