China's CMEC interesting in completing bypass around Belgrade
China's national company China Machinery Engineering Corporation (CMEC) is interested in participating as the main contractor in the construction of the remaining stretch of the bypass around Belgrade, it was said today at a meeting between Serbian Transportation Minister Milutin Mrkonjic and CMEC managers.
A document on cooperation, which would serve as a basis for future negotiations, should be signed in about ten days between CMEC, the Koridori Srbije company and the Ministry of Transportation, said Miodrag Poledica, state secretary at that ministry.
He noted that 15 kilometers of road were yet to be built to complete the bypass around Belgrade, adding that that required an investment of EUR 150 million.
According to Poledica, about three quarters of that bypass have been completed to date.
As Poledica explained, CMEC is interested in providing the funding for the implementation of that project from a fund worth about USD 10 billion, which was approved in 2012 by the Chinese government for investment in 16 countries in eastern Europe.
If this project gets the green light, it will be the first undertaking in our country to be financed with the funds from that Chinese development fund, Poledica stressed.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance