Assembly confirms Chinese loan of USD 198 million for Surcin-Obrenovac section – Two loans worth EUR 125 million for Corridor 10 confirmed

The National Assembly of the Republic of Serbia today confirmed the loan contract worth around USD 198 million for the construction of the Surcin-Obrenovac section signed with China's Export-Import Bank on November 5, 2016.

The annual interest rate is 2.5% and the maturity period is 240 months, of which the grace period is 60 months and the repayment period 180 months.

The goods, technologies and services procured using the loan will be purchased primarily in China, in line with the commercial contract.

The Assembly also confirmed to loan agreements signed between Serbia and the International Bank for Reconstruction and Development for additional financing of Corridor 10 and development and restructuring of state-owned enterprises.

An agreement on the loan of EUR 35 million for additional financing of the Corridor 10 highway project signed between Serbia and the bank, as well as an agreement on the loan of EUR 89.8 million for the second program loan for development and restructuring of state-owned enterprises signed between Serbia and the bank, were confirmed.

Narodna skupština Republike Srbije

Export Import Bank China

Surcin Obrenovac highway

International Bank for Reconstruction and Development

Corridor 10

highway construction