power china

Serbia’s Evolving Infrastructure Landscape: The Role of PowerChina and Millennium Team

Serbia's infrastructure development strategy has shifted towards a closed contracting model, significantly altering the approach to public works projects. Central to this model is PowerChina, which has established itself as a prominent foreign contractor within the country. This company operates in conjunction with Millennium Team, its primary local partner, facilitating the execution of several key infrastructure initiatives. The new contracting framework marks a significant change in how major projects are awarded in Serbia. Traditional competitive procurement processes, typically managed by…