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Chinese consortium seals highway deal with Bosnia's Serb Republic

A consortium of Chinese companies and the government of Bosnia's autonomous Serb Republic on Thursday sealed a 350 million marka ($190.5 million)loan deal for the construction of a section of a northern highway connecting the region with Serbia.

China Overseas Engineering Group Co Ltd. and China Tiesiju Civil Engineering Group Co Ltd., with help of the China Construction Bank, will plan, build and finance the 17-kilometre-long Brcko-Bijeljina section.

The Serb Republic wants to build a modern highway connecting most of its territory with Serbia, its political ally and largest trade partner.

In August, the regional government signed a 650 million marka deal with China State Construction Engineering Corp. Ltd. to build a 33-kilometre-long section of the same highway in northern Bosnia.

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