August 2 (SeeNews) - Serbia plans to start the construction of a motorway that will connect the city of Nis to Kosovo's Pristina in August, Serbian president Aleksandar Vucic said.
"We received a favourable price and a grant of 40.6 million euro ($47.8 million) towards a total cost of 255 million euro for the section between Nis and Beloljin," Vucic said in a press release on Thursday.
Last month, Serbian state-owned motorway construction company Koridori Srbije launched a tender for the construction of the first section of the motorway.
Interested companies will be able to submit their bids by May 25.
The construction of the motorway in Serbia is co-financed with a 100 million euro loan from the European Investment Bank (EIB), while the European Union is providing a 40.6 million euro investment grant as well as funding for project preparation through the Western Balkans Investment Framework (WBIF).
($ = 0.849319 euro)