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. 

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