The Ministry of Construction, Transport and Infrastructure announced that contracts were signed in Beijing on financing two major projects from the new investment cycle in infrastructure, the construction of the Preljina-Pozega highway on the Corridor 11 and the modernisation and reconstruction of the Belgrade-Budapest highway section from Novi Sad to Subotica.
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Contracts for construction of Preljina-Pozega highway, Novi Sad-Subotica section signed
Belgrade/Beijing,
25 April 2019
The loan agreements for these projects with the Chinese Exim Bank were signed by Minister of Finance Sinisa Mali. The signing was attended by the Presidents of Serbia and China, Aleksandar Vucic and Xi Jinping.
Deputy Prime Minister and Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said that the Novi Sad-Subotica section is the third section of the Belgrade-Budapest highway on the territory of Serbia, 108.2 km long, for which the commercial contract was signed last year with a consortium of Chinese the company "China Communications and Construction Company " and "China Railway International", worth $1.16 billion.
The section of Preljina-Pozega is 30.9 km long, and the value of the works, to be carried out by the Chinese company "China Communications and Construction Company", is €450 million.
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