Serbian road gets Chinese funding

The Serbian government has reported that it is planning to sign a loan agreement with China's Exim Bank for new loans worth US$ 1.1 billion for construction of the Corridor 11 motorway. Minister of Finance, Mladan Dinkic, said that the loan will be used for construction of the Belgrade-Ljig and Pojate-Preljina motorway parts. The contract agreement is due to be signed by the end of 2012 or beginning of 2013. Works are expected to start sometime next year.
November 30, 2012 Read time: 1 min
The Serbian government has reported that it is planning to sign a loan agreement with China's Exim Bank for new loans worth US$ 1.1 billion for construction of the Corridor 11 motorway.

Minister of Finance, Mladan Dinkic, said that the loan will be used for construction of the Belgrade-Ljig and Pojate-Preljina motorway parts.

The contract agreement is due to be signed by the end of 2012 or beginning of 2013. Works are expected to start sometime next year.

Related Content

  • Serbia inks two road deals with China at 16plus1 summit
    April 23, 2019
    Serbia said it signed two road construction agreements with China during the 16plus1 Summit in Dubrovnik, Croatia earlier this month. The two deals are for construction of the Pozega-Boljare and Novi Beograd-Surcin road routes. The Pozega-Boljare project alone is worth €2 billion and will be financed from the existing loan from the Exim Bank, according to media reports. China’s east-west Belt and Road Initiative was the focus of the annual 16plus1 Summit that brought together leaders from Beijing plus
    Read More
  • Work to start on key Mozambique bridge and roads project
    August 30, 2012
    Work is about to get underway on the Maputo-Catembe bridge and the nearby Bela Vista-Boane and Catembe-Ponta do Ouro roads in Maputo province, Mozambique. Cadmiel Muthemba, Mozambique minister of public works and housing, revealed the imminent start date for the project which will include a bridge spanning around 3km, while the roads will have a combined length of 209km.
    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
  • Near US$200m loan for Balkan motorway
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) has granted a US$198million (€150million) sovereign-guaranteed loan for the construction of part of the new Banja Luka-Doboj motorway in Bosnia and Herzegovina. The loan-targeted motorway section is the main east-west link in Republika Srpska, one of the country’s entities. The EBRD said it will also support the preparation of the first public-private partnership (PPP) project for the main north-south link in Bosnia and Herzegovina, Doboj to Vukosa
    Read More

Highlighted Content