Serbia highway loan from Azerbaijan

An amended loan agreement will help with the construction of a major highway project in Serbia. The funding for the project is being provided by Azerbaijan. The loan facility for the work on the Corridor 11 highway project has now been extended for an additional two years. The total loan for the project is €308 million. The project is now due for completion in May 2018. The work is being carried out by Azerbaijan-based contractor Azvirt.
October 19, 2016 Read time: 1 min
An amended loan agreement will help with the construction of a major highway project in Serbia. The funding for the project is being provided by Azerbaijan. The loan facility for the work on the Corridor 11 highway project has now been extended for an additional two years. The total loan for the project is €308 million. The project is now due for completion in May 2018. The work is being carried out by Azerbaijan-based contractor 5414 Azvirt.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • 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
  • Serbia Corridor 11 motorway works due to begin in March 2013
    January 23, 2013
    Miodrag Jocic, State Secretary from the Serbian Ministry of Construction, , said the Chinese company Shandong High Speed Group (SHSG) will begin construction of Serbia’s new Corridor 11 motorway in March 2013. The Lajkovac-Ljig section of the project is said by Jocic to be completely ready for construction. The overall project value is estimated at US$333 million. Jocic said that the parts between Surcinska Petlja to Obrenovac in Belgrade, and from Preljina to Pozega will be most likely financed with a conc
    Read More
  • New Serbia highways on track for completion
    August 12, 2015
    Serbia’s Obrenovac-Preljina highway is due to be completed by 2017. Serbia’s Ministry of Construction says that the Obrenovac-Preljina and Ljig-Preljina routes are being financed with the aid of a €274.5 million loan from China's Exim Bank, worth a total of USD 301mn (EUR 274.48mn), while the state budget secured a total of €30.1 million. Meanwhile, €300 million of funding has been secured from Azerbaijan for construction of the Ljig-Preljina route. Corridor 11, between Obrenovac and Preljina will be 105km
    Read More
  • Serbia seals the deal for start of Belgrade Corridor 11 ring-road
    July 21, 2016
    Serbian vice president Zorana Mihajlovic has held talks with Li Manchang, China's Ambassador to Serbia in Serbia, for continuation of works on Belgrade’s ring road. According to the political magazine B92, Mihajlovic also signed a memorandum of understanding with Azvirt, the company from Azerbaijan, and China's Sinohidro. Discussions included continuation of work on the Surcin-Obrenovac part of the Corridor 11 motorway. A commercial deal for the project has already been signed with the China Communica
    Read More

Highlighted Content