British agency UKEF lends EUR 430 million for construction of 5G highway in Serbia

The British Export Finance (UKEF) agency secured a 365-million-pound (or 430 million euros) loan to Serbia at the Global Investment Summit in London to build a 5G motorway in the country, the UK embassy in Belgrade said on Tuesday.

That would make the Morava Corridor (E-761) project the first in Serbia to use a loan from the world oldest export finance agency. The total amount UKEF allocated for financing other country’s local projects was four million pounds.

The Morava Corridor is one of the most modern roads in the region since the Bechtel-ENKA consortium project envisages the newest telecommunication equipment, signalization and flood-control technology, i.e. systems for environmental protection.

Sian MacLeod, the British ambassador to Serbia, said she was delighted with the UKEF support of the Morava Corridor project, adding it was proof of strengthening the UK-Serbia relationship.

(B92, 19.10.2021)

https://www.b92.net/biz/vesti/srbija.php?yyyy=2021&mm=10&dd=19&nav_id=1938641

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