Port on Danube to be built with Chinese company

Port on Danube to be built with Chinese company

BELGRADE -- Serbian Infrastructure Minister Zorana Mihajlovic and China Environmental Energy Holdings founder Billy Ngok have signed a memorandum of understanding.

The memorandum signed on Thursday envisages joint work on the project of building and using the port near the Mihajlo Pupin Bridge, on the left bank of the Danube River, starting from joint feasibility study for the project.

In case the study turns out to be positive, the two sides will discuss ways to further cooperate on the project: design, construction, equipping and use of the port, including the funding model.

The memorandum is part of joint activities of companies from the two countries on the announced realization of China's interest in cooperation in the so-called economic zone of the land part of the Silk Road.