China agrees road project funding with Serbia

Funding for a stretch of the Belgrade ring road project will now be delivered by Chinese sources. The €207 million deal has been agreed between the Serbian Ministry of Construction and the Power Construction Corporation of China. This funding will help with the completion of the 20km ringoad project as a portion of the work has already been carried out.
March 22, 2017 Read time: 1 min
Funding for a stretch of the Belgrade ring road project will now be delivered by Chinese sources. The €207 million deal has been agreed between the Serbian Ministry of Construction and the Power Construction Corporation of China. This funding will help with the completion of the 20km ringoad project as a portion of the work has already been carried out.
Finance & Funding Road Structures

Related Content

  • Cost reductions on Russian highways
    July 12, 2012
    Major cost reductions are being seen on some key highway projects in Russia including the new ring road project in St Petersburg, where the reduction is US$192.31 million. The management of the ring road in St Petersburg has signed an agreement with the main contractors (Flora, the corporation Inzhtransstroy) to cut costs by 12-17.6% in 2009-2010. The 12% reduction is equivalent to US$32.05 million and will apply to contractors that are to complete facilities in 2009. Meanwhile the 17.6% cut is for work pla
    Read More
  • Ethiopia planning road network growth
    June 11, 2018
    Ethiopia is setting a target of 2020 to complete its road expansion programme. The plan has been to double the length of the country’s road network in the period from 2015 to 2020. At present Ethiopia has around 121,200km of roads, compared with around 100,000km of roads in 2015. But by 2020, the Ethiopian Roads Authority (ERA) aims to expand the network to 200,000km.
    Read More
  • Cambodia construction contract commencing
    January 18, 2019
    Cambodia’s capital’s key connection construction contract is commencing. Work is now underway for the Phnom Penh ring road project. The new ring road will measure 53km long and funding for the US$273 million project is being provided jointly by the Cambodian Government and Chinese Government. Building the new ring road will take around 42 months and the new route should open to traffic in late 2021. The studies into the new route are being carried out by the Chinese specialist Guangzhou Wanan Construction S
    Read More
  • Ecuador road widening project planned
    July 3, 2018
    A road widening project worth US$134.3 million is now going ahead in Ecuador. The road connecting Aloag with Santo Domingo is being improved along a 100km stretch, widening the route so that it will feature two lanes in either direction instead of the single lane in either direction at present. This will boost the transport connection between Pichincha Province and Santo Domingo de los Tsachilas Province. The contract was originally awarded in 2015 but stalled in 2017 following a disagreement over tolling.
    Read More

Highlighted Content