Millennium Team

What Millennium Team does

Millennium Team is a privately held Serbian construction and infrastructure company founded in 2003 and headquartered in Belgrade. It operates as a main contractor on large-scale public infrastructure projects, delivering design-and-build services under FIDIC Yellow Book contracts across five service divisions: Energy Facilities (gas and oil pipelines, thermal power plant civil works), Engineering Facilities (roads, railways, bridges, high-rise buildings), Ecology (hydrotechnical facilities, wastewater treatment), Humanitarian Demining (UXO detection and removal), and Special Construction Works (sheet piling, horizontal directional drilling). The company is executing Serbia's most prominent national projects simultaneously, including the Belgrade Metro (as consortium main contractor with Mostogradnja ING, deploying its own tunnel boring machine), the EXPO 2027 complex near Surčin, the National Football Stadium in Surčin, and gas distribution corridors, with a workforce of more than 2,500 people including 500 engineers and 20 PhDs.

The company's revenue model is professional services delivered through public procurement and direct contract negotiation with government and institutional clients on multi-year, project-based engagements. Go-to-market is enterprise field sales: Millennium Team engages directly with ministries, state-owned enterprises (e.g., PE Srbijagas, Mine Action Centre of Serbia), and international EPC partners (CMEC, PowerChina, PORR) through consortium structures. Its customer base is concentrated almost entirely within the Serbian government ecosystem and its chosen Chinese and European partners. Differentiated technical capabilities include an owned tunnel boring machine (approximately 200 meters long), 100+ mechanization units, BIM-based project management, and a first-of-kind SeaTerra drone with LiDAR and magnetometer sensors for deep unexploded ordnance detection. Headcount has scaled to support a multi-year backlog anchored by flagship projects scheduled for completion between 2026 and 2030.

Name

Millennium Team

Legal name

MILLENNIUM TEAM DOO BEOGRAD

Website

https://millenniumteam.rs

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Millennium Team is a Belgrade-based, privately held Serbian construction contractor founded in 2003 that delivers large-scale infrastructure projects — metros, stadiums, pipelines, highways, and humanitarian demining — primarily for the Government of Serbia and state-owned enterprises as a main contractor in consortium arrangements.

Ownership category

akta.pro rank

Product category

Heavy Civil Engineering & Infrastructure Construction

NAICS

Heavy and Civil Engineering Construction (237), Utility System Construction (2371), Site Preparation Contractors (23891)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540), Construction - Special Trade Contractors (1700)

akta.pro primary industry

Public Works General Contracting (IMAFAAAG)

akta.pro secondary industry

Industrial/Process Plant General Contracting (IMAFAAAH)

Keywords

• Civil engineering construction
• Infrastructure development services
• Humanitarian demining services
• Energy pipeline construction
• Heavy construction contracting

Headquarters

HQ city

Belgrade

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Infrastructure Construction Services: Revenue generated from large-scale infrastructure construction projects as main contractor, including engineering facilities, energy projects, ecological projects, and humanitarian demining services. Projects are delivered under design-and-build contracts (FIDIC Yellow Book) with government and institutional clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Millennium Team is a construction and infrastructure contractor that designs and executes large-scale civil engineering projects across five service divisions: Energy Facilities (gas and oil pipelines, thermal power plant civil works), Engineering Facilities (roads, railways, bridges, high-rise buildings), Ecology (hydrotechnical facilities, wastewater treatment), Humanitarian Demining (UXO detection and removal), and Special Construction Works (sheet piling, horizontal directional drilling, drainage). The company operates as a main contractor on multi-year government and institutional projects, deploying specialized equipment such as a 200-meter tunnel boring machine, BIM systems, and LiDAR-equipped demining drones.

Product overview

Millennium Team is a regional leader in construction infrastructure operating since 2003, offering a portfolio of service areas rather than a unified software product. The company's core offerings span five service divisions: Energy Facilities (gas pipelines, thermal power plant construction), Engineering Facilities (roads, railways, bridges, high-rise buildings), Ecology (hydrotechnical facilities, wastewater treatment), Humanitarian Demining (UXO detection and removal using advanced drone and sensor technology), and Special Construction Works (sheet piling, horizontal drilling). Major ongoing projects include the Belgrade Metro (using TBM machines), EXPO 2027 (240-hectare complex), and the National Football Stadium (52,000-seat capacity with BIM technology). The company employs over 2,500 people including 500 engineers and 20 PhDs, operating 100+ mechanization units and specialized demining equipment including LiDAR-equipped drones with magnetometer sensors capable of detecting unexploded ordnance at depths up to 6 meters.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Facilities Construction Design and execution of energy infrastructure including construction of gas and oil pipelines, transmission lines, thermal power plant civil works (e.g., cooling water systems, heavy fuel facilities, FGD systems), along with geological surveying, geodetic works, and project documentation for building permits. Serves state-owned energy utilities and international EPC contractors.
• Engineering Facilities Construction Civil engineering construction of state and regional roads, railway tracks, bridges, high-rise buildings, coastal revetments, and other public infrastructure. Millennium Team operates over 1,000 meters of coastal revetments and deploys 100+ mechanization units (excavators, loaders, rollers, bulldozers, drilling machines). Serves government and municipal clients.
• Ecology / Hydrotechnical Infrastructure Design and execution of hydrotechnical facilities including water pipes, stormwater and foul sewage systems, collectors, pumping stations, and wastewater treatment plants for drinking water preparation and industrial wastewater treatment. Delivered as part of programs such as the Clean Serbia Project across Serbian municipalities.
• Humanitarian Demining Services Authorized humanitarian demining services including reconnaissance, marking, detection, and excavation tasks for clearing unexploded ordnance (UXO). Operates remote demining machines, deep scanning systems, and specialized LiDAR/magnetometer drone technology. The demining sector has surveyed over 30 million m² of land. Serves governmental and international organizations.
• Special Construction Works Specialized construction services including Larsen sheet pile installation for excavation protection, horizontal directional drilling (HDD) for pipe installation up to 350 mm diameter, auger drilling for protective steel pipes 350 mm to 1,400 mm diameter, and groundwater level reduction through drainage wells and needle filters. Used in support of energy, water, and metro projects.

Quantifiable outcome

• 40 million square meters surveyed and cleared of unexploded ordnance
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and flagship.

• Power ChinacoreStrategic or Co-development PartnerPartnership on Belgrade Metro project where Power China operates a second TBM machine at Karaburma that will meet Millennium Team's TBM at the Fair. Partners are equal participants in execution of works on different sections of the metro line.
• Mostogradnja INGcoreStrategic or Co-development PartnerConsortium partner as main contractor on the Železnik to Belgrade Fair section of the Belgrade Metro.
• Jaroslav Černi Institute for the Development of Water ResourcescoreStrategic or Co-development PartnerMember of Millennium Team Group participating in implementation of first phase of first metro line, conducting comprehensive investigative works from Železnik to Pančevački most. The only institution in the region with capacity to design metro systems.
• SeaTerracoreTechnology or IntegrationGerman company, one of world's leading manufacturers of demining equipment and European leader in explosive ordnance disposal. Provided first commercial unit of specialized drone system with LiDAR and magnetometer to Millennium Team for demining operations.
• China Machinery Engineering Corporation (CMEC)coreStrategic or Co-development PartnerChinese company for which Millennium Team has concluded three contracts for civil works at thermal power plant Kostolac including cooling water system, heavy fuel system, and FGD facilities since 2018.
• PORRcoreStrategic or Co-development PartnerJoint venture partner (PORR-MILLENNIUM TEAM) for construction of gas and oil pipelines relocation to new energy corridor north of E-75 highway near Novi Sad. 24.9 km of oil pipelines, 13.3 km of gas pipelines constructed.
• European Judo Union (EJU)flagshipGTM or Marketing PartnerTitle sponsorship agreement - for first time in 75-year EJU history, competitions named after sponsor. European Cadet Judo Tour carries Millennium Team name. Stojan Vujko serves as member of EJU Advisory Board. Partnership since 2025.
• Serbian Judo FederationcoreGTM or Marketing PartnerLong-term partnership with Millennium Team as strong supporter. Stojan Vujko serves as Vice President of the Federation. Company supports Federation's work and gala events.
• Judo Club Crvena zvezdacoreGTM or Marketing PartnerGeneral sponsor of Judo Club Crvena zvezda, whose athletes achieve outstanding results at national and international levels. Part of company's sports sponsorship portfolio spanning 10 different sports.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Energoprojekt Holding: Belgrade-based engineering, construction, and consulting group with a multi-decade track record in power generation, water, and infrastructure across the Balkans and MENA. Directly comparable as a regional Serbian peer competing for the same types of government and energy-infrastructure contracts.

Broad incumbents

• Strabag SE: Austrian construction group with significant Central and Eastern European infrastructure exposure. Comparable on project types (transportation infrastructure, public-sector clients), scale, and FIDIC-based contract delivery across the same regional geography.
• China Communications Construction Company (CCCC): Chinese state-owned global infrastructure conglomerate executing ports, rail, roads, bridges, and tunnels internationally. Comparable on the scale of road, bridge, and tunnelling infrastructure delivered for governments, often via Chinese financing, in regions adjacent to Millennium Team's potential export geographies.
• Hochtief AG: German-headquartered heavy construction group with extensive European and global infrastructure operations. Comparable as a broad incumbent operating at mega-infrastructure scale on transportation and energy projects for state clients.
• Bechtel Corporation: US-headquartered global EPC contractor executing mega-infrastructure (metros, highways, tunnels) under fixed-price, design-build contracts. Comparable on FIDIC-style, government-led, schedule-driven megaproject execution such as the Belgrade Metro.
• Skanska AB: Swedish construction and project-development group with a heavy public-infrastructure bias. Comparable on large-scale design-and-build execution for public-sector clients (road, rail, energy, civic infrastructure) across multiple geographies.

Direct peers

• China Machinery Engineering Corporation (CMEC): Chinese state EPC contractor that has awarded three civil-works contracts to Millennium Team at the Kostolac thermal power plant since 2018. Directly comparable by capability (energy/power-plant civil works), region, and customer profile, and a potential direct competitor for the same public-sector projects.
• PORR AG: Austrian-headquartered infrastructure contractor with deep Central and Eastern European exposure. PORR is directly comparable as an active JV partner on Millennium Team's 24.9 km oil and 13.3 km gas pipeline work for the Novi Sad Energy Corridor, executing the same scope of transportation/energy infrastructure with a comparable design-and-build model.
• PowerChina: Chinese state-owned EPC contractor with mega-infrastructure capability worldwide. PowerChina is the actual JV partner on Belgrade Metro Phase 1, operating a parallel TBM at Karaburma, making it the most operationally comparable peer in terms of project type, scale, and customer (state clients).
• Mostogradnja ING: Serbian infrastructure contractor serving as JV partner with Millennium Team on the Belgrade Metro section from Železnik to Belgrade Fair. Direct competitor and partner in the same Serbian public-works procurement pool, with overlapping capability in heavy civil and bridge works.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCeXwxaWWs7H2ZI8Lmnq049w
• Facebookfacebook.com/millenniumteam
• LinkedInlinkedin.com/company/millennium-team
• Instagraminstagram.com/millennium_team_/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Millennium Team