# China Shandong International Economic & Technical Cooperation Group (Shandong)

A Chinese construction group that is building the Belgrade–Zrenjanin–Novi Sad motorway without a tender. The motorway's cost rose from the announced €530 million to €1.596 billion. The group is also building the Danube Corridor, whose price rose from €337 million to about €524 million. In May 2026 it was also awarded the roughly €1.3 billion Vožd Karađorđe expressway through direct negotiation, and Vučić thanked it for taking on the pre-financing.

## Affairs

- [No-tender deals under intergovernmental agreements](https://odgovornost.rs/en/afere/medjudrzavni-sporazumi-kina): In 2026 it won the €1.3 billion “Vožd Karađorđe” road through a direct deal, and the cost of the Belgrade–Zrenjanin–Novi Sad motorway has nearly tripled

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Source: Odgovornost, https://odgovornost.rs/en/organizacije/shandong  
As of: 6 Nov 2026  
Licence: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/deed.en)