Serbia reduces cost of highway construction

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.
March 22, 2012 Read time: 2 mins
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 1166 European Bank for Reconstruction and Development and the state budget. When Corridor 10 is complete it will provide a valuable transport link for Serbia to its neighbours and also for the region.

Work on the 40km Belgrade ringroad section of the Corridor 10 highway is due to be completed by May 2012, six months before the deadline. The ringroad runs from Batajnica to Bubanj Potok and work is being carried out by the Austrian company 945 Strabag. The construction work includes building two viaducts, each 1.5km long. In July 2009, the 2332 World Bank (WB) approved a total of €299 million for construction of the Corridor 10 highway. Funding will be approved as part of the WB's four year partnership strategy between 2012 and 2015. During the mentioned period, the WB is planning to secure between €462.5-617 million for financing in Serbia.

For more information on companies in this article

Related Content

  • 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
  • Serbia upgrading infrastructure
    March 16, 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.
    Read More
  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Serbia speeding spending on roads
    May 21, 2014
    Serbia is planning to speed construction of its highway network. A key project being prioritised is the Corridor 10 motorway, which is due for completion by September 2016. Another priority project is for Corridor 11 and for several regional road routes. At present the Corridor 10 sections between Sid and Belgrade, and Subotica and Belgrade have been built, while work on the 22km Ipsilon stretch between Subotica and Kelebija is underway. Work is also underway on the 96km south node from Grabovnica to Presev
    Read More

Highlighted Content