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

  • Metso bolsters China presence through manganese steel foundry acquisition
    February 7, 2013
    Metso has increased its presence in China by acquiring a manganese steel foundry (JX) in Quzhou City, around 400km Southwest of Shanghai. "The acquisitions of JX and Shaorui Heavy Industries, and the joint venture with LiuGong Group Corporation announced last November, significantly strengthen our supply capabilities for mining and construction industries in China,” said Andrew Benko, president, mining and construction, Metso. “Metso now has a complete range of capital equipment and wear parts covering a wi
    Read More
  • Nigerian road works planned
    July 17, 2023
    Nigerian road works are being planned.
    Read More
  • Slovakian projects underway
    April 4, 2022
    Slovakian road projects are underway.
    Read More
  • Azerbaijan loan for Belgrade-South Adriatic motorway
    May 2, 2012
    The President of Azerbaijan, Ilham Alijev, has reportedly approved an agreement that will see Serbia receive US$407.75million for the construction of a section of the Belgrade to South Adriatic motorway. The loan for the motorway section between Ljig and Preljina will be repayable over a 15 year period, with a grace period of three years and a fixed interest rate of 4%. The construction project, which will include five tunnels and over 60 bridges, will be carried out by the Azerbaijan-based company Azvirt
    Read More

Highlighted Content