1st exporter agreement with UKEF for Morava Corridor Motorway Project

• Infrastructure

Bechtel ENKA UK Limited, a joint venture between Bechtel and ENKA, has entered into its first exporter agreement with UKEF to secure a €430 million (£363 million approx) guaranteed loan for the construction of a 5G-ready motorway in Serbia.

For more info please visit: https://www.gov.uk/government/news/bechtel-and-enka-secure-uk-export-finance-guaranteed-loan-for-serbia-project

On December 5^th 2019, ENKA-Bechtel Joint Venture signed a contract with the Government of Republic of Serbia to Design and Build 112 km Morava Corridor Motorway Project which will connect central Serbia and Pan-European Corridors 10 and 11.

Morava Corridor Motorway Project is a 112 km dual-carriageway motorway, with a design speed of 130 km/h, from Pojate and the A1 (the North-South motorway in central Serbia) through Kruševac (used to be the industrial hub of Yugoslavia) and up into Preljina in the north of Čačak. The project runs east/west in the West Morava River valley and is seen as a key enabler of the economic corridor to the industrial city of Kruševac and its ultimate international connections to Bosnia, Montenegro and Macedonia.

An extensive telecommunication network is planned along the alignment to provide a Digital Corridor for improved connectivity in the region. The Project features 10 new interchanges, significant amount of structures crossing highways, railways and challenging Morava river along the route, high embankment fills with extensive embankment scour protection works, flood protection measures and long river diversions, dykes and construction of new river bed due to the wide flood plain of West Morava River.