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Serbia, China jointly work on projects worth 9 bln euro - infrastructure min

Author Radomir Ralev
Serbia, China jointly work on projects worth 9 bln euro - infrastructure min Zorana Mihajlovic; Source: Serbian Infrastructure Ministry

BELGRADE (Serbia), October 16 (SeeNews) – Serbia is working with China on projects in multiple sectors worth 9.0 billion euro ($10.4 billion) combined, Serbia's infrastructure minister Zorana Mihajlovic said on Tuesday. 

Serbia has been recognised as a leader in cooperation with China in the field of infrastructure and a country working to connect with the entire region, Mihajlovic said in a government press release.

The construction of the Obrenovac-Ub and Lajkovac-Ljig road sections of Corridor XI will be completed this year in cooperation with China, Mihajlovic said during a news conference following the third summit of transport ministers of China and Central and Eastern European countries (CEEC), also known as the 16+1 format, which was held in Serbia's capital Belgrade.

The value of the new cycle of Serbia's investment into road infrastructure is approximately 5 billion euro, Mihajlovic said in June. The value of  investment projects being implemented at that point was close to 16 billion euro.

($ = 0.863209 euro)

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