You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia to sign 76.6 mln euro road construction deal with Azvirt-Hering consortium

Author Iskra Pavlova
Bosnia to sign 76.6 mln euro road construction deal with Azvirt-Hering consortium Photo: All Rights Reserved

SARAJEVO (Bosnia and Herzegovina), May 14 (SeeNews) – Bosnia's state-owned motorway company Autoceste FBiH said on Tuesday it will sign a 76.6 million euro ($86 million) motorway construction deal with a consortium comprising Azerbaijan's Azvirt and local company Hering on May 15.

Under the deal, the investors will build the Vranduk-Ponirak subsection of the Poprikuse-Zenica sjever (Donja Gracanica) section of European transport Corridor Vc, Autoceste FBiH said in a statement.

The project is financed by the OPEC Fund for International Development.

The Vranduk-Ponirak motorway section, 5.3 kilometres in length, includes two bridges, three viaducts and a tunnel. It should be built within 24 months.

European Corridor Vc connects the port of Ploce in Croatia with Hungarian capital Budapest via Bosnia.

($ = 0.890429 euro)

Compare