Source: eKapija | Monday, 05.10.2020.| 13:29
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BG Subway to be Jointly Built by Alstom and POWERCHINA – French Company in Charge of Electromechanics, Chinese Company to do Construction Works

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The deputy mayor of Belgrade, Goran Vesic, said on TV Happy that the construction of the Belgrade subway would begin in December 2021 and that the financial construction had been closed. He added that a French and a Chinese company would be hired for the project.

– Last week, Serbian Finance Minister Sinisa Mali and I had a meeting with the ambassadors of France and China, and they were accompanied by representatives of Alstom and POWERCHINA. An agreement was reached which is to be verified by the governments of China, France and Serbia – said Vesic, as reported by Beoinfo.

According to him, Alstom will be in charge of electromechanics, trains, rail cars, tracks, the entire power system, that is, the equipment of the subway, whereas the construction works are to be carried out by the Chinese company.

– The ratio will be 30 to 70. Around 70% of the value of this job belongs to the Chinese and the rest is done by the French. The French government has secured the financing of the part done by their company. I've never seen anyone provide such favorable conditions as the French have done for Alstom to do this job. The Government of China will secure the financing together with POWERCHINA for the other part of the job – Vesic said.

The Belgrade subway project, Vesic added, “is worth EUR 4.4 billion, the first line is worth EUR 1.8 billion, and the second EUR 2.2 billion”.
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