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Home/News/Chinese investing EUR 7.5bn in infrastructure in Serbia

Chinese investing EUR 7.5bn in infrastructure in Serbia

Serbia and China are implementing projects in transport infrastructure worth 7.5 billion euros, including those in progress and those that are in the pipeline.

Zorana Mihajlovic, Deputy Prime Minister and Minister of Construction, Transport and Infrastructure, said this in Beijing on Thursday.

The minister, who is visiting China for the Belt and Road forum as a member of the state delegation headed by Serbian President Aleksandar Vucic, took part today in a panel dedicated to infrastructural connections.

Mihajlovic said that Serbia is proud of joining China’s global Belt and Road initiative from the very beginning, which, she said, has given a new impetus to international economic cooperation.

She pointed out that, given the economic viability and the environmental importance of railways, Serbia attaches special attention to this type of infrastructure, both at national and regional levels.

In that sense, she stated that the progress achieved by China, Serbia and Hungary on the Belgrade-Budapest (high-speed) railway project was one of the first successful cooperation projects implemented under the auspices of the initiative.

Mihajlovic added that Serbia is finalizing the current investment cycle, within which 500 kilometers of railways and 300 kilometer of highways have been reconstructed, including completion of the construction of southern and eastern arms of the road Corridor 10 and the highway from Obrenovac to Cacak.

Source; B92