Skip to main content

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.

Related Content

  • Pakistan highway project funding sought
    October 12, 2016
    Funding is being sought for a major highway project in Pakistan. The country’s National Highway Authority (NHA) is looking for international investors for the project to construct a 296km highway. Located in Pakistan’s Sindh Province, the route would connect with other highways being developed with the benefit of Chinese funding. For the Sindh Province highway project, Pakistan is hoping to source funding from various countries including China, Malaysia, South Korea and Turkey.
  • Road improvement works are planned for East England
    May 13, 2021
    Road improvement works are being planned between Peterborough and Great Yarmouth.
  • Serbia highway loan from Azerbaijan
    October 19, 2016
    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.
  • Bosnia highway project, funding secured
    May 15, 2019
    Funding has been secured for a major highway project that will help revitalise Bosnia’s economy. The European Bank for Reconstruction and Development (EBRD) has signed a deal that will supply a finance package worth €210 million. Coming in the shape of a loan, this will be utilised to help pay for the Doboj ring road, which will form part of the Corridor 5C highway link.