Financing for the construction of Morava Corridor

J.P. Morgan and UK Export Finance are jointly supporting the construction of Morava Corridor motorway, by providing a €430 million guaranteed loan to the Republic of Serbia. This is one of the largest ongoing infrastructure projects in Serbia and one of the first sovereign loans granted by a commercial lender for development of infrastructure.

The construction of Morava Corridor motorway is undertaken by US civil engineering group Bechtel and Turkey’s Enka. 112 km long, it runs east/west in the West Morava River valley, from Pojate to Preljina, connecting central Serbia and Pan-European transport Corridors X and XI. Along the motorway route, the plan is to construct the telecommunication cable ducting through which optical cables will be laid, making Morava Corridor the first digital corridor in Serbia.

BDK Advokati, alongside Ashurst as the international legal advisor, advised J.P. Morgan and UK Export Finance on the project.

BDK Advokati team on the project consisted of senior partner Dragoljub Cibulić, counsel Dragoljub Sretenović, and associate Relja Radović.

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