Serbia awards USD 334mn motorway deal to China’s Shandong Hi-Speed Group

By bne IntelliNews May 13, 2013

Serbia and China’s Shandong Hi-Speed Group have signed a USD 334mn contract for the construction of a 50.23-km section on Corridor 11, news agency Tanjug reported. The deal was signed on May 10 by transport minister Velimir Ilic, the head of Serb motorways operator Koridori Srbije, Dmitar Djurovic, and executives of the Chinese company.

Under the contract, Shandong should build the Ljig-Lajkovac-Ub-Obrenovac section within 37 months.

State-owned Shandong plans to spend three months on preparation works. It will build 16 bridges and a 990-metre tunnel on the 24-km Ljig-Lajkovac subsection alone. At least 40% of the workers engaged in the construction will be from Serbia.

Shandong is also particularly interested in the construction of the Belgrade-Obrenovac section, also on Corridor 11.

Transport minister Ilic said at the signing ceremony the government will soon open tenders for awarding concessions on the construction of the Belgrade-Obrenovac and Preljina-Pozega motorway sections worth a combined EUR 600mn. The draft concession for Belgrade-Obrenovac will be ready within a month.

The Corridor 11 stretches from Romania’s Timisoara via Serbia’s Belgrade to the Montenegrin city of Bar on the Adriatic coast, where there is a sea link to Italy’s Bari. 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

EBRD and AIK Banka forge €50mn loan for Serbian SMEs

The European Bank for Reconstruction and Development (EBRD) is partnering with AIK Banka to provide a €50mn loan for local small and medium-sized enterprises (SMEs) in ... more

Follow Us On

Most Read

  1. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  2. Don't mention the "D" word - Ukraine
    6 days ago
  3. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  4. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss