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

  • Strasbourg bypass surveys halted over environmental concerns
    September 27, 2017
    Further delays are looming for construction of the western Strasbourg bypass, a controversial toll motorway project in north eastern France. The government is concerned about environmental issues after Arcos, the wholly-owned subsidiary of Vinci responsible for building the bypass, said it was going to carry out field surveys in 1.5 hectares of what many consider environmentally sensitive areas.
    Read More
  • Italian highway deals moving ahead
    January 21, 2022
    Important Italian highway deals are moving ahead.
    Read More
  • EIB backing Irish motorway link
    April 30, 2014
    The European Investment Bank (EIB) is providing financial backing worth €144 million for the new M17/M18 Gort-Tuam motorway project. The M17/M18 Gort to Tuam PPP Scheme is situated in the west of Ireland and will be constructed as a four lane motorway that will replace the existing N17/N18 roads. This new motorway will reduce journey times by around 20 minutes and has an overall cost estimated at €550 million. Construction work will start during this year and this is the second transport PPP to be signed un
    Read More
  • New bridges for Belgrade
    February 27, 2012
    Work is now underway in Serbia to build a new bridge over the Danube River.
    Read More

Highlighted Content