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The Government of the Republic of Serbia

In the service of citizens

Pre-contract on construction of Morava corridor and Novi Sad-Ruma motorway signed

Belgrade, 28 December 2012

Minister of Regional Development and Local Self-Government Verica Kalanovic signed today a pre-contract with Chinese company SRBC (China Road and Bridge Corporation) on the construction of two motorways in Serbia – Pojate–Preljina (Morava corridor) and Novi Sad–Ruma, with the total length of 140 kilometres and the value of works in the amount of €642 million.

The first is a motorway with six lanes from Pojate to Preljina, 109.6 kilometres long, on which works could start as early as March 2013, while the second is a motorway with four lanes from Novi Sad to Ruma, 27 kilometres long, with a tunnel through Fruska Gora mountain.

Kalanovic said that projects for Novi Sad-Ruma motorway will be finished in 2013. She said that the works will be financed by Exim Bank of China under very favourable conditions – with a repayment deadline of 20 years, a 5-year grace period and with the maximum interest rate of 2.5%.

The Minister of Regional Development and Local Self-Government said that the deadline for the construction of Morava corridor is 4 years and for Novi Sad-Ruma motorway 30 months. She said that the plan is that domestic companies participate in the realisation of the project with 45% and the average construction per kilometre will cost €4.72 million.

The Chinese company CRBC is already building a bridge in Belgrade between Zemun and Borca.