Serbia, EUR 136 million for Danube Corridor, News
The Government of Serbia adopted the Bill on borrowing from OTP Bank for financing the construction of the high-speed road Požarevac-Golubac, the so-called Danube Highway, i.e. the Danube Corridor. It is a long-term investment loan of 16 billion dinars (about 136.2 million EUR), with a repayment term of 10 years.
As stated in the bill, the state will take a loan with interest that is variable, at a nominal interest rate that corresponds to the reference interest rate of the three-month BELIBOR (3M BELIBOR) increased by a margin of 3.85% percentage points on an annual basis. Funds for loan repayment will be provided from the national budget.
As a reminder, the contract for the construction of a high-speed road from Požarevac to Golubac, worth EUR 337 million, was signed in August 2021 with the Chinese company Shandong Hi-Speed Group. During the signing of the contract, it was announced that the deadline for the completion of the works is November 2024.
In October 2022, the previous Minister of Construction, Transport and Infrastructure, Tomislav Momirović, announced the merger of Požarevac with Corridor 10, by the end of 2023.
The construction project of the IB state road of the first order, the section of the high-speed road: highway Belgrade-Niš (loop Požarevac)-Požarevac (bypass)-Veliko Gradište-Golubac was declared a project of special importance for the Republic of Serbia.
The expressway will be 68 kilometers long, with two traffic lanes in both directions, 3.5 meters wide. This road will connect to the Danube highway and thus connect this part of eastern Serbia. The Law on the Budget of the Republic of Serbia for the year 2023 approved borrowing from commercial banks for this project in the total amount of up to 31.8 billion dinars.
Sign up for business updates & specials.
- May 11, 2023 Mining Industry, Science and Communications, bridging the gaps
- May 11, 2023 Communicating Energy, new tech industries communications
- May 9, 2023 Serbia economy briefing: Transformation of “Elektroprivreda Srbija”
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials, the advantages of Serbia as materials supplier
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- February 28, 2023 Serbian exploitation miner Belkalhan could become EU primary supplier of Graphite critical raw material
- February 28, 2023 Calcite/calcium carbonate premium quality supplier from Serbia opening supply contracts for 24,25, pharmaceutical/chemical/food processing industry opportunity for JV
- February 16, 2023 Serbian Belkalhan calcite & graphite mining developer invites JV partners for joint critical raw materials exploitation
- February 15, 2023 Petroprocess to modernize EPS power plant CEMS system with state of the art equipment
- June 4, 2023 Serbia, Is gold laying under the dust?
- June 4, 2023 Air Serbia’s popularity and traffic are increasing
- June 4, 2023 Is gold fever taking over in Serbia?