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Serbia May Hire Chinese Road Builder, Tanjug Reports

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Sept. 19 (Bloomberg) -- Serbia started talks with China’s CRBC International Co. on developing a 110-kilometer (176-mile) road in the central part of the Balkan country, Tanjug news agency reported, citing Minister for Regional Development Verica Kalanovic.

The company will probably get the contract for the Pojate-Preljina highway as Serbia also expects an 18-year loan for the project from the Export-Import Bank of China with a low and fixed interest rate, according to the report.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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