April 18 (SeeNews) - Serbia will launch the construction of a 30.9 km motorway section, between Preljina and Pozega, at the end of this year, infrastructure minister Zorana Mihajlovic said.
The motorway is part of pan-European Corridor XI - a motorway corridor linking Italy's Bari to Romania's Bucharest via Montenegro's Bar port and Serbia's Belgrade, of which 103 km are planned to be completed this year, Mihajlovic said in a statement issued by the government on Tuesday.
Mihajlovic said earlier that the Preljina-Pozega section will take two years to build.
The infrastructure ministry said in November it signed a 450 million euro ($556.4 million) agreement with China Communications Construction Company (CCCC) for the construction of the section that will link Belgrade to the border with Montenegro.
In March, Mihajlovic announced Serbia's government plans to sign a $523 million loan agreement to finance the construction.
($=0.8089 euro)