BELGRADE (Serbia), December 27 (SeeNews) - China Road and Bridge Corporation (CRBC) and Serbia signed a contract worth 1.5 billion euro ($1.7 billion) under which the Chinese firm will build a 75-kilometre section of pan-European Corridor XI, Serbian president Aleksandar Vucic said.
The section will connect the city of Pozega and the village of Duga Poljana, both located in Serbia's south-west, Vucic told a news conference on Sunday after meeting with CRBC representatives. "Out of 75 kilometres [...] over 70% will be either tunnels or bridges," he added.
Upon the finalisation of the construction works, which are scheduled to take up to four years, Serbia will have only a 32-kilometre section between Belgrade and the Montenegrin border left to build to complete the Corridor XI project on its territory, Vucic said.
Pan-European Corridor XI is a ferry/motorway corridor linking Italy's Bari to Romania's Bucharest via Montenegro and Serbia.