September 22 (SeeNews) - Serbia hopes to execute infrastructure projects with a total value of $3.7 billion (3.2 billion euro) with the support of the U.S. International Development Finance Corporation (DFC), infrastructure minister Zorana Mihajlovic said on Tuesday.
"Attracting various types of capital and investments is of great importance for Serbia, such as the DFC, which is part of the U.S. government and with which we will implement infrastructure projects worth $3.7 billion," Mihajlovic said in a statement.
A DFC delegation will start on Wednesday negotiations with the Serbian government on concrete infrastructure projects such as the motorway linking Nis to Pristina through Merdare, Mihajlovic said.
"We have provided funding for the first section with a length of 33 kilometres from Nis to Plocnik, with DFC we will discuss the construction of other sections," Mihajlovic added.
A U.S. government delegation led by DFC CEO Adam Boehler will travel to Greece, Kosovo, Serbia and Israel from September 20 through September 25 to advance economic cooperation and development, the DFC said earlier this week.
DFC will lay the groundwork for opening an office in Belgrade to facilitate implementation of projects that will support economic growth in the region. DFC and EXIM recently signed Letters of Interest (LOIs) with Serbia and Kosovo to help finance the important projects identified U.S.-brokered agreement on the normalisation of economic relations between Kosovo and Serbia, signed by Serbian president Aleksandar Vucic and Kosovo prime minister Avdullah Hoti on September 4 in Washington.
($ = 0.8516 euro)