November 24 (SeeNews) - Bosnia's Federation road company Ceste Federacije said it has awarded a consortium comprising local construction companies Hering and Trgosped a contract to build a fast road section for 36.6 million marka ($22.2 million/18.7 million euro).
The Hering-Trgosped tie-up submitted the lowest price in a tender for the contract, Ceste Federacije said in a statement posted on its website last week.
The works on the 23-kilometre Lasva - Nevic Polje section are estimated at 25.6 million marka, according to earlier media reports.
The assignment is expected to be completed within 465 days, news portal eKapija.ba has reported.
The Lasva-Nevic Polje section is part of the Lasva - Donji Vakuf fast road.
(1 euro = 1.95583 marka)