Bacevic signs Protocol of Understanding with China's CGGC for Morava Canal feasibility study

(Milan Bacevic)

Serbian Minister of Natural Resources, Mining and Spatial Planning Milan Bacevic and President of the Chinese company China Gezhouba Group Corporation Zhen Xiang signed a Protocol of Understanding on Saturday (26 January 2013) in Beijing for the design of a feasibility study for the construction of the waterway Morava Canal.

The issue of funding the Morava Canal project was not taken in consideration during the talk between the two sides.

The Protocol defines cooperation between the two sides in the design of a feasibility study for that project, which will cover all elements of aforementioned project in Serbia, with reference to Macedonia and Greece, it is stated in a release issued by the Serbian ministry.

According to the Protocol, Serbia will resume its good cooperation with the Chinese company, whose experts and scientists will provide assistance to geodesic and geomechanical surveys of the Republic of Serbia.

This project, which would be of capital importance for Serbia as well as Macedonia and Greece, would also be very useful for countries in central and western Europe because that canal would connect the Morava River with the Rhine-Main-Danube canal and some other significant waterways through the Danube River and open access to the Aegean Sea at the same time.

During his visit to China, Minister Bacevic also visited the Chinese town of Yichang featuring the largest dam in China, Three Gorges, which is also one of the biggest construction projects of China Gezhouba Group Corporation.