BELGRADE -- China Road and Bridge Corporation on Friday inked a Pre-Contract Agreement with Serbian Ministry of Regional Development and Local Self-Government to build two regional highways in the country.

The two projects, a 110-kilometer motorway with six lanes from Pojate to Preljina and a 27-kilometer motorway with four lanes from Novi Sad to Ruma are valued at 642 million euros ($850 million).

"Investing in infrastructure is a chance for development and growing hope in Serbia," said Serbian Minister of Regional Development and Local Self-Government Verica Kalanovic.

"With this new infrastructure investments, and new jobs created by them, we will be able not only to return the credit lines but also to develop our economy and make it much stronger," the minister said.

Chan Sanan, deputy General Manager of CRBC Serbia, meanwhile said his company was honored to have the chance to take in part of the two new projects.

"With further support from two governments, we will finish the two highways on schedule and in excellent quality," he said.

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