October 7 (SeeNews) - Serbia's government said it signed a 606 million euro ($712 million) contract for the construction of Fruskogorski Corridor high-speed road with China Road and Bridge Corporation (CRBC).
The 47.7 km-long road will link the towns of Ruma and Novi Sad, in northern Serbia, and will include a new bridge over the Danube river, as well as a 3.5 km-long tunnel under the Fruska Gora national park, the Serbian government said in a statement on Tuesday.
The road will cross the municipalities of Novi Sad, Irig and Ruma, and will be connected to the existing road linking Novi Sad and Zrenjanin to the Romanian border, as well as the future Ruma-Sabac-Loznica motorway.
Last month, Serbian infrastructure minister Zorana Mihajlovic said the project will be financed through a loan from the Export-Import Bank of China approved by the lender in August.
($ = 0.850673 euro)