Serbia eyes EUR 850mn Chinese loan for construction of corridor 11.

By bne IntelliNews September 21, 2012
Serbia's government plans to agree by year-end a EUR 850mn credit with China's Eximbank for the construction of two motorway sections on corridor 11, news agency Beta quoted economy and finance minister Mladjan Dinkic as saying. The government is expected to decide on Thursday to launch talks with the Chinese on the loan, Dinkic told the Southeast Europe Management Forum held in Belgrade on September 19-20. The credit will finance the construction of the Beograd-Ljig and Pojate-Preljina sections. According to Dinkic, the contract could be signed at the end of this or the beginning of next year and works should start in 2013. He added the Chinese were picked up for this projects because they work very fast and Serbia already has a good experience with them on the construction of the Zemun-Borca bridge in Belgrade.

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