Serbia: Putevi Srbije to build 2.4km of Corridor 11 access road

Serbian road contractor Putevi Srbije will build around 2.4km of access roads around the town of Ljig in central Serbia, according the state Ministry of Construction, Transport and Infrastructure. The access roads will be for the Corridor 11 motorway, which is under construction from the Serbian capital Belgrade running southwest into Montenegro, ending at the Adriatic coastal tourist town of Bar. The Belgrade-Bar motorway will be around 280km long and be the main link for a ferry service from the Ita
April 14, 2015 Read time: 2 mins
Serbian road contractor Putevi Srbije will build around 2.4km of access roads around the town of Ljig in central Serbia, according the state Ministry of Construction, Transport and Infrastructure.

The access roads will be for the Corridor 11 motorway, which is under construction from the Serbian capital Belgrade running southwest into Montenegro, ending at the Adriatic coastal tourist town of Bar.

The Belgrade-Bar motorway will be around 280km long and be the main link for a ferry service from the Italian Adriatic city of Bari to Bar and a connecting road from Belgrade to the Romanian capital Bucharest.

By far the most expensive and challenging section of Corridor 11 will be that in Montenegro because of the continuous mountain terrain running down the coast, a run of 160km or more.

Works on Corridor 11 are worth around €308 million, financed by from a loan from Azerbaijan and carried out by several domestic companies as well as 5414 Azvirt from Azerbaijan.

Serbia has spent around 15% of its highways budget for construction of the Corridor 10 motorway and around 80% on local roads. Even so, the ministry said it was disappointed that the country ranks near the bottom in Europe when it comes to the quality of roads.
Finance & Funding

For more information on companies in this article

Related Content

  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Eastern European highway and tunnel projects
    May 15, 2012
    Serbia’s Corridor 10 project, seen as key to the country’s future economic development, is 20 years behind schedule. With construction delayed and the matter being debated, the Serbian Ministry for Infrastructure, which reported the schedule delay, says the country is working as fast as possible, with 22km being built/year. The corridor will connect the country with its neighbours and provide an important route for through traffic.
    Read More
  • Serbia says Corridor 10 completion to be delayed
    June 12, 2017
    Delays will hit Serbia’s Corridor 10 motorway project that was due for completion later this year. Serbia’s Minister of Construction, Zorana Mihajlovic, said that her department will soon publish as report on the delays, suggesting options for speeding up the work.
    Read More
  • Serbia road funding being delivered
    January 3, 2017
    A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye
    Read More

Highlighted Content