Serbia road funding being delivered

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
January 3, 2017 Read time: 1 min
RSSA 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 yet to be clarified. Meanwhile the International Bank for Reconstruction and Development (IBRD) is supplying a funding package for the Corridor 10 road project in Serbia that is worth €35 million. The Corridor 10 route is of major importance for Europe as a whole as it will improve transport connections through the Balkans nations.
Finance & Funding

Related Content

  • Argentina highway project tender process
    August 19, 2016
    The tender process for a major new highway project in Argentina is expected to commence in 2017. The new highway will connect Santa Fe with San Justo and will measure 82km in length. The project is expected to cost in the region of US$166 million to construct, with funding being supplied by the Inter-American Development Bank. The schedule for the project has not been finalised and will not be clarified until the tender is awarded but construction work could commence during 2018.
    Read More
  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli
    Read More
  • New cross border connection between Serbia and Macedonia
    August 19, 2014
    Plans are in hand in Macedonia for the new highway that will run from Bar to the Serbian border. The Macedonian Government recently held talks with Chinese construction company CRBC with regard to the project. The Chinese contractor is commencing construction once a loan from China’s Exim bank is fully secured. Meanwhile over the border in Serbia, the Ministry of Transport has said that 2014 will see some 60km of new major roads opening to traffic. In 2015 work on another 210km of roads will commence in the
    Read More
  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More

Highlighted Content