Chinese firm to offer €2.5bn for construction of Serbian motorway
First publishedon www.WorldHighways.com
Serbian Minister of Construction and Urbanism, Velimir Ilic, claims the China Road and Bridge Corporation (CRBC) has verbally agreed to invest €2.5 billion (US $ 4.8bn) to enable the construction of the Corridor 11 motorway.
Ilic said that an official CRBC offer to fund and build the key motorway route will be submitted from the beginning of September 2012. The CRBC is already participating in construction of Serbia’s Zemun-Borča bridge. Ilic added that the World Bank (WB) had expressed interest in funding a new energy efficiency project, which could create 100,000 jobs in the construction sector.