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

  • Bosnia’s Autoceste FB&H re-tenders for Pocitelj-Zvirovici project
    July 23, 2018
    Bosnia’ public roads authority Autoceste FB&H has re-tendered for construction of 12km of the Pocitelj-Zvirovici part of the Corridor 5C motorway. The work, including the 945m Pocitelj Bridge, is worth around €100million with financing by the European Investment Bank (EIB). A previous tender was called in 2014 when the contract has been awarded to Strabag and Euroasfalt companies, in spite of better offers from Viadukt and Hering, according to media reports.
    Read More
  • India’s massive demand for bitumen
    March 9, 2016
    India to lead the pack in bitumen consumption - Partha Pratim Basistha reports from the Asian Bitumen Conference. In the emerging global bitumen market, demand is expected to reach 122 million tonnes by 2018. Increasing road construction activities in the fast growing markets of India and China will be the main growth drivers of the bitumen market in Asia. This was the message delivered at the 10th Asian Bitumen Conference held in New Delhi, India from 23rd-24th November 2015. The two-day event, organised b
    Read More
  • Legal battle for Croatia’s Peljeski Bridge contract continues
    April 19, 2018
    Only days after Croatia rejected initial complaints, contractors Astaldi, Ictas and Strabag said that they will submit new complaints over the Peljeski bridge winning bid. Croatian media report that Turkey's Ictas, Italy's Astaldi and the Austrian company Strabag are planning to submit a new complaint to the Croatian High Court against a decision by the state procurement authority DKOM to reject their previous complaints. At issue is the awarding of the Peljeski bridge and access roads project to the
    Read More
  • World Bank cancel US$1.2bn Padma Bridge loan
    July 6, 2012
    A loan worth US$1.20billion for the Padma Multipurpose Bridge project has been cancelled by the World Bank (WB). The decision was said to have been taken as the Bank was not satisfied with the actions taken by the Bangladeshi government in regards to corruption allegations involving the bridge contract. A major engineering and construction company is alleged to have made improper payments to Bangladeshi government officials in order to secure the bridge contract. The World Bank loan, signed In April last y
    Read More

Highlighted Content