China Signs Huge New Silk Road Deals

Twitter
Facebook
LinkedIn
Email
china_serbia_handshake_1280_800_84_s_c1

China and Serbia have signed a series of Belt and Road Initiative (BRI) agreements to increase bilateral relations and accelerate innovation in technology and infrastructure, according to Forbes.

The publication says that a delegation of Serbian government officials, led by President Alexander Vucic struck deals with major Chinese corporations, such as PowerChina, on several projects, including the construction of a new metro network in Belgrade, Serbia’s capital.

Other deals will see a wide-scale upgrade to Serbia’s infrastructure, such as the modernization of railroads near the border with North Macedonia and the building of new roads in and around Belgrade.

Furthermore, Serbia’s innovation minister, Nenad Popovic, signed three deals with the China Road and Bridge Corporation (CRBC) to build a joint Chinese-Serbian industrial park in Borca, near Belgrade.

President Vucic attended the second One Belt, One Road Forum for International Cooperation in Beijing and spoke up about Serbia’s relationship with China.

A brand new Port Technology technical paper explores Singapore's new mega terminals 

“We will continue the excellent cooperation that exists between our two countries,” he said.

“Serbia is a relatively small country in Southeast Europe, with seven million inhabitants, and is the largest country in the Western Balkans.”

The BRI, also known as the New Silk Road, which Port Technology has extensively covered, is the biggest infrastructure development project in the world and is believed to cost approximately US$1 trillion.

In April 2019, Italy became the first EU country to officially endorse the BRI, and CMA CGM is set to receive 10 new megaships from China State Shipbuilding Corp.

Read more:

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.