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

  • Funding found for Colombia road development projects
    November 9, 2017
    Funding is being provided for our projects that form part of Colombia’s 4G road development programme. The Inter-American Development Bank Group’s private sector subsidiary, IDB Invest, is supplying close to US$207 million for the four road projects to the development firms handling the works. IDB Invest is in turn borrowing the sum from Colombia’s national development bank Financiera de Desarrollo Nacional (FDN). In all Colombia’s 4G programme calls for $18 billion of construction works to be carried out.
  • Paraguay bridge project completion date
    June 24, 2022
    A completion date has been set for a Paraguay bridge project.
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
  • Panama road projects underway
    November 10, 2017
    A series of major road projects is being carried out in Panama. The Santiago-David road is being upgraded at present. The work has been split into five sections, with the entire project expected to cost US$1.08 billion. The plans are now being drawn up for the 40km section connecting San Juan and La Pita. This stretch of the project will cost $218.26 million to carry out.