BELGRADE (Serbia), May 15 (SeeNews) – Serbian infrastructure ministry said it has signed in Beijing two memoranda of understanding (MoU) with China Road and Bridge Corporation (CRBC) for infrastructure works with a combined value of 2.5 billion euro ($2.7 billion).
The contracts are for the construction of the Preljina-Pozega and Pozega-Boljare stretches of a motorway which will connect Belgrade to the border with Montenegro, and Fruskogorski Corridor, a 123 km-long road in Serbia's Vojvodina autonomous province that will link pan-European transport corridors X and IV, the infrastructure ministry said in a statement on Sunday.
The investment in the two motorway stretches, with a total length of 140 km, is estimated at some 2.1 billion euro, while the cost of the Fruskogorski Corridor project will stand at 400 million euro, the ministry said.
"The construction of the Pozega-Preljina motorway section could start next year and this is an important news. After the signing of the memorandum, we should prepare the needed documentation and we will complete this by the end of the year," Mihajlovic said after the official ceremony for the signing of the contracts, according to the statement.
Mihajlovic said on Thursday the government expects to sign road and railway construction deals with a combined value of 3.2 billion euro with China during the visit of prime minister Aleksandar Vucic to the Asian country.
($ = 0.911741 euro)