November 21 (SeeNews) - Serbia's prime minister Ana Brnabic has said she will sign a contract for the construction of a 28 km-long heat pipeline in the country with the Chinese government next week.
A contract for the construction of the Preljina-Pozega section of a motorway which will connect Belgrade to the border with Montenegro will also be signed during a meeting with Chinese prime minister Li Keqiang during the China-Central and Eastern European Summit summit in Budapest on November 27, Brnabic said in a statement on Monday.
Serbia's energy minister Aleksandar Antic said earlier this month that the government is holding talks with the Power Construction Corporation of China (Powerchina) on the technical details of the project for the construction of the heat pipeline.
In June, the Belgrade city government announced it has signed a memorandum of understanding with Powerchina to build a heat pipeline that will connect Termoelektrane Nikola Tesla (TENT) power plant and Novi Beograd thermal power plant - a project with an estimated cost of 200 million euro ($234.8 million). Once completed, the project will allow the Serbian capital to cut the cost of providing heating energy by 43 million euro a year, i.e. the investment will be repaid in five or six years, Belgrade mayor Sinisa Mali said back then.
($ = 0.851817 euro)