November 27 (SeeNews) - Serbia's infrastructure ministry said on Monday it signed a 450 million euro ($537.6 million) agreement with China Communications Construction Company (CCCC) for construction of a section of a motorway that will link Belgrade to the border with Montenegro.
The contract envisages the design and construction of the 30.9 km-long motorway section between Preljina and Požega, in full profile, with almost a third of the route consisting of tunnels and bridges, the infrastructure ministry said in a statement.
Infrastructure minister Zorana Mihajlovic signed the contract in the framework of the sixth Meeting of Heads of Government of China-Central and Eastern European Countries (CEEC) initiative, known as the 16+1 mechanism, held in Budapest, Hungary.
In May, the Serbian government said it signed a memorandum of understanding (MoU) with CCCC for the construction of the Preljina-Pozega and Pozega-Boljare sections of the motorway. The total length of the motorway on the territory of Serbia will be 58 kilometres.
Back then, the infrastructure ministry said it signed MoUs for infrastructure works with a combined value of 2.5 billion euro with China Road and Bridge Corporation (CRBC) and CCCC. The MoU with CRBC envisages cooperation in the project for the construction of Fruskogorski Corridor, a 123 km-long road in Serbia's Vojvodina autonomous province that will link pan-European transport corridors X and IV.
($ = 0.83698 euro)