EUR 24 million for South Stream construction land

Around 8,000 hectares of land will have to be expropriated for the needs of construction of the South Stream pipeline section through Serbia and this will cost around EUR 24 million, the Serbian parliament Committee for the Economy, Regional Development, Trade, Tourism and Energy stated at its Monday session.

The international pipeline South Stream will transport supplies from Russia through pipes going underneath the Black Sea via Bulgaria, Serbia, Hungary, Slovenia and Italy to the EU and central Europe, and around EUR 16 billion will be realised in its construction.

Source: Tanjug