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

  • Serbia sets a highway challenge
    January 30, 2023
    Serbia is setting itself a highway construction challenge.
  • New road link for Angola’s Luanda Airport
    September 13, 2016
    New road links will be constructed to Luanda’s International Airport in Angola, in a bid to improve traffic flow and cut congestion. This US$695 million package of works has been awarded by Angola’s Transport Ministry and will be carried out by Chinese contractor Tiesiju Engineering, which is part of the China Railway Engineering Corporation. The work includes upgrading various access roads around the airport, as well as widening the Via Express route, which runs around Angola’s capital city. The airport is
  • Nepalese Government pushes ahead with transport infrastructure programme
    July 17, 2014
    The Nepalese Government has announced a major programme of transport infrastructure works for the 2014-2015 period. Road, highway and airport projects have all been prioritised. The detailed project report for the Kathmandu-Tarai Fast Track Road is to be completed within six months. The proposal aims to attract investors by guaranteeing a minimum number of vehicles using the tolled link. The project has been delayed due funding issues. This period will also see work being carried out the Mid-Hills Highway,
  • Funding found for Australian key road revamp
    March 23, 2015
    In Australia funding has now been sourced for the Townsville Ring Road project. The country’s Federal Government is supplying the US$122.52 million (A$160 million) required for the Townsville Ring Road project. This road will connect Mount Low and Shaw Road in Queensland. The Queensland State Government will supply the remaining $30.6 million (A$40 million) required to complete the budget needed for the project. The Townsville Ring Road is scheduled to open for traffic in 2017. This new route is needed to c