China Road

Chinese want "guarantees, not concession"

Chinese want "guarantees, not concession"

BELGRADE -- Zorana Mihajlovic says Serbia is conducting "difficult negotiations with Chinese on a concession on parts of a highway from Belgrade to the Montenegrin border."

The Serbian minister of construction, transport and infrastructure spoke on Monday to add that the talks have so far lasted a month and a half.

Montenegro Cuts Taxes on Chinese Highway Builders

Montenegro is exempting Chinese contractors and subcontractors working on a new highway from paying VAT, customs duties, taxes and fees for engaging foreign workers and corporate income tax.

The Tax Administration on Tuesday said new laws prescribed the tax exemption for the procurement of products and services for the planned new highway.

Mihajlovic: Chinese companies did not renounce concession

BELGRADE - Chinese companies did not renounce the planned concession on the section of the motorway through western Serbia but they are asking for additional guarantees for traffic frequency on the road from Belgrade to southern Adriatic, Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic stated.

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