BACEVIC: Chinese companies interested in the Danube-Morava-Vardar Canal project

Source: Tanjug Monday, 24.12.2012. 12:50
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Milan BacevicMilan Bacevic

The Ministry of Natural Resources, Mining and Spatial Planning started preparing documentation for drafting a regional plan for the Danube-Morava-Vardar canal, Minister Milan Bacevic told Tanjug news agency.

Investments needed for the construction of this canal are estimated at USD 15-17 billion, with USD 10-12 billion required for the section across Serbia alone, the minister said, noting that these estimates had been made in the 1970s.

Minister Bacevic underscored that the canal would be larger than the Rhine-Main or Seine-Rhone, or Oder-Vistula canals, as the Danube-Morava canal would connect all these systems.

Bacevic said that he had already discussed that project with the management of a Chinese company, whose name he did not want to disclose.

The talks are also underway with some U.S. companies from Illinois, and Germany as well expressed its interest in that capital project that is not only of importance for the Balkans, he added.

“I expect that by end-May next year, we will successfully complete many ongoing talks,” Minister Bacevic said.

The regional plan for the project, which will be entitled the Belgrade-Thessaloniki canal, should cover an area of around 10,500 km2, which is equal to the territory of Kosovo-Metohija, Bacevic said.

There is a full consensus in the current government on that project, and Serbian President Tomislav Nikolic received positive signals for the joint realization of these projects from senior officials of Macedonia and Greece during his visits to these countries.

He did not dismiss a possibility that the companies from the East and the West would cooperate on the project, but underlined that the most important thing is that Serbia should recognize its own interest, and national companies engage in the project as much as possible.

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