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

  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More
  • Astec Industries CEO and president Ben Brock says stay focused and true to win
    July 8, 2016
    Core values, constant innovation and looking after the customer are the key drivers for Ben Brock, chief executive officer and president of Astec Industries. How does he keep his company ahead of the pack and what does he think that the future holds? if you ask Ben Brock to explain how his Astec Industries group has managed to do so well for so long, he doesn’t even pause for breath. “That’s easy, I thank the good doctor. He always told me: do good work and take care of the customer ... which is exactl
    Read More
  • Chinese manufacturers plan to compete globally
    June 18, 2015
    Chinese construction equipment firms have been building their operations in local markets – but are now looking to develop globally - Mike Woof writes In recent years Chinese construction equipment manufacturers have been able to capitalise on local demand in the home market. The rapid rate of expansion of transport infrastructure, fuelled by government spending, led to a massive need for construction machines. The country’s manufacturers have grown rapidly in size, investing enormously in factory capacity
    Read More
  • Lithuania: EIB to issue loan for Vilnius-Utena A14 highway
    September 21, 2016
    The European Investment Bank (EIB) is looking at issuing a €40 million loan towards reconstruction of Lithuania's Vilnius-Utena A14 highway. According to a notice by the EIB earlier this year, the project includes reconstruction of 58km highway, the main traffic artery between the capital and north-eastern regions of Lithuania. The government intends to procure the project as a public-private partnership under a 13-year concession contract, including a 3-year construction period. The bank noted that t
    Read More

Highlighted Content