The President of Azerbaijan, Ilham Alijev, has reportedly approved an agreement that will see Serbia receive US$407.75million for the construction of a section of the Belgrade to South Adriatic motorway.
The loan for the motorway section between Ljig and Preljina will be repayable over a 15 year period, with a grace period of three years and a fixed interest rate of 4%. The construction project, which will include five tunnels and over 60 bridges, will be carried out by the Azerbaijan-based company5414 Azvirt along with several Serbian construction firms.
The loan for the motorway section between Ljig and Preljina will be repayable over a 15 year period, with a grace period of three years and a fixed interest rate of 4%. The construction project, which will include five tunnels and over 60 bridges, will be carried out by the Azerbaijan-based company
