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

  • Major highway investment for Indonesia with key project on track
    March 11, 2013
    Work on Indonesia’s landmark Trans-Sumatera Toll highway is set to commence in 2013. The contractor Hutama Karya has been awarded the deal to carry out the project. There will be a total 24 toll roads to be constructed on the route by the state-owned construction firm. Meanwhile Indonesia’s Ministry of Public Works has projected that overseas funding for its infrastructure projects in 2014 will be nearly US$784 million, similar to the figure set for 2013. Projects for funding in 2014 include several communi
    Read More
  • Kazakhstan road improvement – funding found
    May 21, 2018
    An important highway stretch in Kazakhstan will now be upgraded thanks to funding from the International Bank for Reconstruction and Development (IBRD). The US$490 million finance package comes in the shape of a loan and will be used to improve the highway connecting capital Almaty with Khorgos, which lies on the border with China. The 297km highway section will cost $576.5 million to upgrade in all.
    Read More
  • Two Macedonia highway projects are delayed
    June 23, 2017
    Delays have hit the construction of two new highway projects in Macedonia. Funding for the projects has been provided through a loan package from China worth €574 million.
    Read More
  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More

Highlighted Content