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RSS Feed Business15. 08. 12. - 11:00
Chinese to take over Croatian Motorways?
Croatian Times
Croatian daily newspaper Novi list has reported that according to several annonymous political and professional sources, the Chinese are the only ones in the running to "buy" Croatia's motorways.
The Croatian government is in the consultation phase of potentially putting the Croatian motorways up for concession for a period of thirty years, with reports that the government expects to earn around 3 billion Euros for the thrity year concession and will demand that the full amount of the compensation be paid up front.
A Croatian delegation is set to head to China this autumn to iron out problems with potential Chinese investment in Croatia and Novi list say that an indicator that China is the likely candidate to take over the management of 1,200 kilometers of motorways in Croatia is because of recent similar investments, including recently in neighbouring Serbia.
In Serbia, Chinese bridge and road building company CRBC, have sent the state enterprise "Corridors of Serbia" a bid worth 2.5 billion euros to finance the construction of the motorway from Belgrade to the border with Montenegro.
Novil list says that time will tell how interested the Chinese are in Croatian motorways, as the government are still in the early stages and are still to appoint consultants who will provide the framework and conditions under which the above work could be done.
Tag cloud bridge Chinese Serbia billion China framework Motorways government thirty CRBC Novi Croatian enterprise conditions investment construction Corridors neighbouring consultants worth
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