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Chinese companies invited to invest in road construction in Serbia

12. July 2011. | 09:24

Source: Emg.rs

At a meeting with Chinese businesspeople and bank representatives, Mrkonjic voiced his belief that Chinese companies have an interest in the project to construct Corridor 10 and Belgrade–Bar motorway project, estimated at around €5 billion, as well as the modernisation of the Serbian railroad, estimated at €4.6 billion.

Minister of Infrastructure and Energy Milutin Mrkonjic invited Chinese state companies to take part in the construction of Belgrade–Bar motorway and the modernisation of the Serbian railroad.

At a meeting with Chinese businesspeople and bank representatives, Mrkonjic voiced his belief that Chinese companies have an interest in the project to construct Corridor 10 and Belgrade–Bar motorway project, estimated at around €5 billion, as well as the modernisation of the Serbian railroad, estimated at €4.6 billion.

He said that two more tenders will be called for construction of sections on Corridor 10 in southern Serbia and invited Chinese companies to take part in this as well.

The Minister reiterated that almost 180 kilometres of the motorway will be completed by the end of the year, and that the plan is to finish the entire portion of Corridor 10 that runs through Serbia by mid-2013.

Representatives of the Chinese delegation underlined that they are open for negotiations and talks, but noted that it will be difficult to get more favourable loans such as the one obtained for revitalisation of thermo electrical power plant Kostolac.

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