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

  • Polish projects pushing ahead
    October 6, 2016
    Key road projects in Poland look set to move forward. A tender process will commence shortly for a project in Lodz. Poland’s road authority, GDDKiA, will start the Western ring-road tender process. Poland's Infrastructure Ministry will give the go-ahead. The project involves building under 29km of the S14 dual carriageway to complete the circle around Lodz. The project is expected to be worth close to €392 million in all. The first stage runs from the Lodz Lublinek junction to the Lodz Teofilow junction and
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Montenegro motorway construction costs climbing
    February 8, 2019
    Construction of Montenegro’s Bar-Boljare motorway now looks likely to cost substantially more than originally planned. The project was originally budgeted at €80 million however Montenegro’s Ministry of Transport has now revealed that the work will have a pricetag some €15 million greater, totalling €95 million. This increase is considerably more than had been allowed for. The work is to be carried out by Chinese contractor CRBC although the deal has yet to be signed officially. The Smokovac-Matesevo stretc
    Read More
  • Costa Rica road projects moving forward - slowly
    July 18, 2017
    Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta
    Read More

Highlighted Content