Greece to fund highway project

The Greek Government is expected to give 100 million euros to Serbia for completing its Corridor X highway project.

According to Serbian Foreign Economic Relations Minister Milan Parivodić, the Greek Government is expected to announce a decision for giving 100 million euros of donations to Serbia for completing the highway from Leskovac to the Macedonian border.

The construction of this part of the highway, which is about 80 kilometers long and is part of the European Corridor X route, will cost a total of 450 million euros, Parivodić said at the second Greek-Serbian business council meeting in Belgrade.  

He said that the rest of the money would be secured by the Serbian Government and that the construction could begin by the middle of 2007.

Parivodić said that the highway from Leskovac to Macedonia could be finished in about three years.

In the past five years, Greek investors have put 1.8 billion dollars into Serbia, topping the list of foreign investors, according to Parivodić.

The foreign trade exchange between Serbia and Greece this year is 30 percent greater than last year and, according to Parivodić, could be even greater if untapped cooperation in the fields of energy, infrastructure, food production and tourism are exploited.

In this year alone, the export of Serbian products to Greece was worth 198 million dollars and 142 million dollars worth of products was imported from Greece.

There are 80 Greek companies doing business directly in Serbia and 150 more that are investing with Serbian partners.

Source: B92

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