Infrastructure: China and Serbia sign 734 mln EUR worth of agreements

Serbia signed six contract and agreements with China worth EUR 734 million at the summit of China and CEE countries 16 + 1 in Riga on 5th November. As the Prime Minister Aleksandar Vucic said, the implementation of the stipulate projects would start immediately.

Among the contracts signed is the one stipulating modernizing and reconstructing the Belgrade-Budapest railway, the Corridor 11 and the Surcin-Obrenovac section of the bypass route around Belgrade.

Deputy Prime Minister Zorana Mihajlovic signed a contract regulating the first stage of the construction of the Belgrade to Stara Pazova railroad, worth USD 319 million, with Infrastruktura Zeleznice Srbije and the consortium of Chinese companies China Railway International and China Communications Construction Company as investors.

The Memorandum of Understanding with the Chinese Exim Bank on providing loans for the Serbian section of the Hungarian-Serbian railway project was also signed. The contract envisions the construction of a two-track railway from Belgrade to Stara Pazova in the length of 34.5 kilometers. As a result, the maximum speed of the trains using this railroad will be 200km/h which will shorten the commuting time between Belgrade and Budapest to less than three hours.

The construction of the Surcin-Obrenovac highway and bypass route around Belgrade projects was also agreed upon. Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and the president of China’s Exim Bank, Liu Liang, signed an agreement on financing the construction of the Surcin-Obrenovac highway worth EUR 208 million.

The contract entails works on the section from the Ostruznica bridge to Bubanj Potok, and it stipulates involvement of local companies in 49% of the works.

The construction of the bypass route around Belgrade will also continue in cooperation with China, in the length of 19.5 kilometers from the Ostruznica bridge to Bubanj Potok. The project entails the construction of four tunnels in the total length of 2.7 kilometers, as well as 22 bridges in the length of 5.3 kilometers.

Mihajlovic also signed a Memorandum with Huawei at the Riga summit. The Memorandum stipulates an all-encompassing cooperation in the sector of transport through the assistance in selecting the best telecommunications solutions for railways, highways, airports and ports, as well as the transfer of knowledge and training of Serbian experts in the area of transportation.

(eKapija, 06.11.2016)

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