Serbia agrees of motorway project financing scheme with China's CCCC

Serbia agrees of motorway project financing scheme with China's CCCC Author: Macedonia's Government. Licence: All Rights Reserved.

BELGRADE (Serbia), November 10 (SeeNews) - Serbia's government said it has signed an agreement with China Communications Construction Company (CCCC) on the way of financing the construction of the Preljina-Pozega section of a motorway that will link Belgrade to the border with Montenegro. 

The agreement defines the financing scheme of the construction project, in which state-owned company Putevi Srbije will also participate, the government said in a statement on Thursday. 

In May, the Serbian government said it signed a memorandum of understanding (MoU) with CCCC for the construction of the Preljina-Pozega and Pozega-Boljare sections of the motorway. The total length of the motorway on the territory of Serbia will be 58 kilometres.

Back then, the infrastructure ministry said it signed MoUs for infrastructure works with a combined value of 2.5 billion euro ($2.9 billion) with China Road and Bridge Corporation (CRBC) and CCCC. The MoU with CRBC envisages cooperation in the project for the construction of Fruskogorski Corridor, a 123 km-long road in Serbia's Vojvodina autonomous province that will link pan-European transport corridors X and IV. 

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