China Machinery Offers to Build $704 Million Belgrade Bypass

China Machinery Engineering Corp. offered to complete a highway around the Serbian capital that would be financed from a Chinese credit line for infrastructure projects in central and eastern Europe.

The Chinese builder may sign a preliminary agreement with the Serbian government in about 10 days for two sections needed to complete the Belgrade bypass, Serbia’s Transportation Ministry said in an e-mailed statement after talks with the company’s executives in Belgrade today. The work is estimated at 540 million euros ($703 million).

CMEC is interested to secure the money for realization of the project from the Chinese development fund” which is worth about $10 billion, the Serbian ministry said in the statement, adding that construction of one of the sections may begin in early 2014.

To contact the reporter on this story: Misha Savic in Belgrade at

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.