Serbia highway project; financing secured

The Serbian Government has secured a financing package to help pay for a key highway project. A loan worth €385.8 million is being provided by China’s Export-Import Bank for the construction of the Preljina-Pozega highway. In addition, the Serbian Government is also being provided with an €867 million loan from China’s Export-Import Bank for the development of the Novi Sad-Subotica railway line.
May 24, 2019 Read time: 1 min

The Serbian Government has secured a financing package to help pay for a key highway project. A loan worth €385.8 million is being provided by China’s Export-Import Bank for the construction of the  Preljina-Pozega highway.

In addition, the Serbian Government is also being provided with an €867 million loan from China’s Export-Import Bank for the development of the Novi Sad-Subotica railway line.

Finance & Funding

Related Content

  • New highway for Colombia with financing secured
    July 22, 2019
    A finance package has been secured for Colombia’s Pasto-Rumichaca fourth generation (4G) road project. A loan package worth US$$593.6 million from a series of backers will underscore the project. These are; the Overseas Private Investment Corporation (OPIC), Spain's credit institute Instituto de Credito Oficial (ICO), JP Morgan, MetLife, Banco Santander, Sumitomo Mitsui Banking, Mitsubishi UFJ Financial Group, Credit Agricole, and Bank of China. The project is for work to an 83km section of the route, incl
    Read More
  • New Zezelj’s Bridge in Novi Sad symbolises brotherhood and unity
    September 7, 2018
    The new Bridge of Brotherhood and Unity, also known as Zezelj’s Bridge, across the Danube River in Novi Sad, Serbia, is officially open. The road and rail tied-arch bridge replaces the original bridge of the same name that was built in 1961, named after the designer Branko Zezelj. The designer of the new bridge is Aleksandar Bojović and the contractor was an international consortium of Azvi, Taddei and Horta Coslada. One of the two arches is 177m long and 34m high and the other is 219m long and 42m high.
    Read More
  • Funding secured for Nepal highway connection
    October 11, 2018
    A funding package has been secured that will help pay for a key road project in Nepal. The Asian Development Bank (ADB) is providing a loan worth US$180 million that will be used to help pay for widening work to an 87km stretch of the East-West Highway between Kamala and Kanchanpur. At present the route has just one lane in either direction but the upgrade will see the route being widened in a bid to boost capacity and safety, with two lanes in either direction. The project is being managed by the Nepalese
    Read More
  • Chinese firms to work on Serbia’s Corridor 11 project
    November 30, 2015
    Serbia and China have signed a memorandum of understanding for construction of two sections of Serbia’s Corridor 11. The MoU was inked in during Serbian Prime Minister Aleksandar Vucic’s visit to the Chinese capital Beijing last week. Serbia’s Tanjug news agency reported that Vucic said the deal was worth around €209 million and included construction of the 18km Surcin-Obrenovac bridge. Corridor 11 runs from the Serbian capital Belgrade southwest to the border with Montenegro, another member state of
    Read More

Highlighted Content