China loans €249.61mn for Serbia Corridor 11 motorway

Serbian Minister of Construction, Velimir Ilic, has announced that the Chinese Ministry of Economy has approved Serbia a loan of €249.61 million for the construction of the Corridor 11 motorway. Ilic said that the works on the motorway will begin in September 2013, after the loan was approved by China's Exim Bank at the end of June 2013. The major infrastructure project will include construction of the Obrenovac-Ub and Lajkovac-Ljig motorway sections covering a total length of 50km. The Chinese company Shan
August 14, 2013 Read time: 1 min
Serbian Minister of Construction, Velimir Ilic, has announced that the Chinese Ministry of Economy has approved Serbia a loan of €249.61 million for the construction of the Corridor 11 motorway.

Ilic said that the works on the motorway will begin in September 2013, after the loan was approved by China's Exim Bank at the end of June 2013.

The major infrastructure project will include construction of the Obrenovac-Ub and Lajkovac-Ljig motorway sections covering a total length of 50km. The Chinese company Shandong High Speed Group will be the main builder.
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China to begin works on Serbia’s Corridor 11 motorway later this month

Chinese company Shandong High Speed Group is planning to begin construction works on Serbia’s Corridor 11 motorway in the second half of September 2013. Shandong will participate with 51% of works on the Lajkovac-Ljig and Obrenovac-Ub parts of the motorway, with domestic companies participating in the remainder of the works, due for completion within 38 months. Meanwhile, the Azerbaijan-based firm Azvirt is working on the 40km part of the Ljig-Preljina motorway, worth a total of €308 million.
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