Tenders and financing for Serbian highways

The Serbian Government is considering a loan from China’s Export-Import Bank, which would pay for the construction of the E-763 highway. The bank looks set to give its approval for the €223 million loan, which would pay for 90% of the construction work for the E-763, or Obrenovac-Ljig, highway. The loan would be approved over a 20 year repayment period and a five year grace period at the fixed rate of 2.5%/year. Meanwhile tendering will open for completion works on Serbia’s Pirot-Dimitrovgrad highway unti
November 22, 2013 Read time: 2 mins
The Serbian Government is considering a loan from China’s 1290 Export-Import Bank, which would pay for the construction of the E-763 highway. The bank looks set to give its approval for the €223 million loan, which would pay for 90% of the construction work for the E-763, or Obrenovac-Ljig, highway. The loan would be approved over a 20 year repayment period and a five year grace period at the fixed rate of 2.5%/year.

Meanwhile tendering will open for completion works on Serbia’s Pirot-Dimitrovgrad highway until 9th January 2014. The project was originally to have been carried out by the Austrian company 2859 Alpine. However Alpine hit financial problems and work stopped, so the tender is for the remaining 14.3km of the highway still needing to be completed. The work will be funded by the 1166 European Bank for Reconstruction and Development (EBRD).

At the same time, there is now legal wrangling between the Serbian Government and the liquidation manager for Alpine, Jaksch Schoeller & Riehl. The Serbian company 3235 Koridori Srbije is seeking a repayment of €78 million in damages at the Vienna Trade Court. However Alpine is seeking payments from Serbia. A second review of the case will be carried out shortly for the respective financial demands.
Finance & Funding Road Structures

Related Content

  • Norway tops European Traffic Safety Council safety table again
    June 25, 2019
    For the fourth consecutive year, Norway has topped traffic safety in the Europe Union as reported by the European Traffic Safety Council (ETSC). In 2018, the number of persons killed on Norwegian roads was 20 per million inhabitants. Next lowest was Switzerland with 27 per million inhabitants, followed by the UK with 30. Romania was the worst country with 96 killed per million inhabitants, followed by Bulgaria with 87 and Serbia with 78. The EU average was 49. Norway had 108 persons were killed in
    Read More
  • Saudi Arabian money for Tajikistan’s Dushanbe-Kulyab-Khorog-Murgab highway
    January 18, 2016
    Saudi Arabia will provide US$108 million through the Islamic Development Bank for reconstruction of two sections of the Dushanbe-Kulyab-Khorog-Murgab highway in Tajikistan. The sections are the Kulyab-Shuroabad and Shkev-Kalai Khumb, according to the Avesta news agency. The deal was announced after a meeting between Saudi ministry of finance officials and Tajik president Emomali Rahmon in the Saudi capital Riyadh in early January. Rahmon’s visit is considered a success for Tajik’s infrastructure in
    Read More
  • Nicaragua road project funding deal
    February 1, 2018
    Nicaragua’s Ministry of Transport and Infrastructure (MTI) is setting out its road development programme for 2018. In all the plans call for the construction of 171km of roads. Work will be completed for the road from Mulukuku to Siuna, with the first 23km stretch due to open in September 2018 and the remaining 21.5km expected in December 2018. Meanwhile the road from Nueva Guinea to San Francisco should be complete by November 2018. Work started on these two routes in 2016. The project also calls for
    Read More
  • Toll-tale market strength for leading tolling manufacturers
    May 22, 2014
    New major highway tolling solution supply contracts and the launch of cutting-edge tolling products have invigorated the global tolling technology market in the first half of 2014, as Guy Woodford reports Kapsch TrafficCom has been selected by North Tarrant Express (NTE) Mobility Partners LLC to provide the toll collection, intelligent transport and network communication systems for the NTE extension project in the US state of Texas. The NTE extension is approximately 16km long, and runs along I-35W north o
    Read More

Highlighted Content