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

  • Contractors win Polish road tender
    August 13, 2015
    Two contracts have been awarded for work on sections of Poland’s S7 dual carriageway. Contractor Metrostav has won the tender process for the construction of a stretch of the S7 dual carriageway. The 20km section of the route Metrostav has the contract for lies between Gdansk's southern ring-road and Elblag. The value of this project is anticipated as being in the region of €392 million. Meanwhile contractor Budimex was won the package of works for the second section of the S7 dual carriageway. This 19km lo
  • Morocco plans repairs and further development of roads
    January 20, 2015
    Moroccan Ministry for Equipment and Transport has said that its 20-year plan for the country's motorway network will require an investment of US$5.86 billion. Funding sources for all of the work have yet to be secured. The country’s tolled highway system has been a success, although the Casablanca-Rabat-Tangiers route generates much of the total revenue. Morocco’s Ministry for Transport and Equipment is also looking to source financing worth $532.6 million. This will be used to repair damage to the road ne
  • Angola road project financing found
    November 29, 2016
    Financing has been secured for a project to help reduce chronic congestion in Angola’s capital, Luanda. The project calls for the upgrade of Corimba Boulevard. Netherlands-based bank ING will deliver the key portion of financing, US$483.4 million, for the project, which will be used for dredging works as well as reclaiming land along the coast. This portion of the project is being handled by the firms Urbeinvest Projectos Imobiliarios and Van Oord Dredging and Marine Contractors. Meanwhile the road construc
  • Funds approved for Spain's tolled highway project
    May 15, 2012
    Funding for a road project in Spain is being set out by contractor Sacyr. The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project. A further €200 million is required, with Sacyr providing the rest from its own sources.