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UAE company interested in construction of road from Pozega to border with Montenegro
Belgrade,
23 January 2014
Minister of Construction and Urban Planning Velimir Ilic signed today the Memorandum on cooperation with the company G.I.D.C. – a joint enterprise of the Republic of Serbia and Global Capital Advisors Management from the United Arab Emirates (UAE), which will finance with €20 million the preparation of technical documentation for the construction of Corridor 11 from Pozega to the border with Montenegro.
Ilic signed the memorandum at the Serbian government with General Manager of the company for development of industrial and infrastructure projects in Serbia G.I.D.C. Sasa Milovanovic.
The joint company G.I.D.C. will also prepare a feasibility study on the construction of this part of the motorway towards Montenegro and will propose a model of public-private partnership.
After signing the memorandum, the Minister of Construction and Urban Planning told reporters that partners from the UAE are interested in building this part of Corridor 11, which is 106.8 kilometres long, and in the construction of Morava Corridor, from Pojate to Preljina.
He added that the Ministry of Construction and Urban Planning today announced a tender for the choice of a consultant who will make a draft concession contract for the construction of Corridor 11 from Belgrade to Obrenovac, and concessions will be entrusted to Chinese companies.
The Serbian government adopted the text of the memorandum stipulating that G.I.D.C. will take over the financing of investment technical documentation that would determine the spatial, environmental, financial and economic justifiability of the investment for construction of the section of the motorway on Corridor 11 from Pozega to Boljare, 106.8 kilometres long.
The joint company G.I.D.C. will also prepare a feasibility study on the construction of this part of the motorway towards Montenegro and will propose a model of public-private partnership.
After signing the memorandum, the Minister of Construction and Urban Planning told reporters that partners from the UAE are interested in building this part of Corridor 11, which is 106.8 kilometres long, and in the construction of Morava Corridor, from Pojate to Preljina.
He added that the Ministry of Construction and Urban Planning today announced a tender for the choice of a consultant who will make a draft concession contract for the construction of Corridor 11 from Belgrade to Obrenovac, and concessions will be entrusted to Chinese companies.
The Serbian government adopted the text of the memorandum stipulating that G.I.D.C. will take over the financing of investment technical documentation that would determine the spatial, environmental, financial and economic justifiability of the investment for construction of the section of the motorway on Corridor 11 from Pozega to Boljare, 106.8 kilometres long.
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