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BELGRADE (Serbia), October 16 (SeeNews) – Serbia has signed a memorandum of understanding (MoU) with US civil engineering group Bechtel for the construction of a motorway connecting European transport Corridors X and XI on the country's territory, the infrastructure ministry said.
The investment in the construction of the motorway, which will link Cacak to Krusevac, will total 800 million euro ($927.6 million) and works are expected to start in 2019, the infrastructure ministry said in a statement late on Monday.
"The 110 km-long road will pass through part of central Serbia where nearly 500,000 people live and connect Corridors X and XI," infrastructure minister Zorana Mihajlovic said after the signing of the MoU with Bechtel.
The Serbian government said in June it was modifying the project documentation for one of the three sections of the motorway, in order to protect it from flooding in the zone of the West Morava river.
Corridor X will connect Salzburg in Austria to the Greek port of Thessaloniki, passing through Slovenia, Croatia, Serbia and Macedonia. Corridor XI is a ferry/motorway corridor linking Italy's Bari to Romania's Bucharest via Montenegro's Bar port and Serbia's Belgrade.
($ = 0.8625 euro)