Chinese to build Corridor 11 segment and industrial park

Serbian PM Aleksandar Vucic officially inaugurated the beginning of the construction of a 17.6–kilometre-long motorway segment on the Corridor 11 which will connect the Belgrade municipalities of Surcin and Obrenovac.

Addressing those assembled at the construction site, the prime minister noted he “was grateful to Chinese friends, with whom a 208 million EUR contract had been signed after long negotiations that had not been easy.” He added that the construction of a bridge across the Sava and Kolubara rivers, which will be 1.7km long, would cost approximately 103 million EUR.

The main contractor is China Communications Construction Company, while the deadline for the completion of the Corridor 11 section is 32 months. The construction is funded with a loan granted by the Chinese Exim Bank.

Another Chinese company – China Road and Bridge Corporation (CRBC) – has begun with preliminary works on construction of an industrial park in Serbia, financially supported by the Chinese government. Most of the industrial park will be used for agribusiness activities. The exact location of the industrial park has not been divulged as yet, but there are several options in circulation including the location near the Pupin Bridge in Belgrade.

The Chinese and Serbian agriculture ministries are also due to sign an action plan stipulating cooperation in trade and investments in agriculture. After that, Serbia will set up an office to handle the commercial cooperation activities with China and implementation of the agreed investments.

(B92, eKapija, 01.03.2017)

http://www.b92.net/eng/news/business.php?yyyy=2017&mm=03&dd=01&nav_id=100651

http://www.ekapija.com/website/sr/page/1683886/China-Road-and-Bridge-Corporation-gradi-industrijski-park-u-Srbiji-Prvi-rezultati-do-kraja-2017-godine

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