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Bosnia's Ars Inzenjering to implement projects worth 3 mln euro in 2020 - report

Bosnia's Ars Inzenjering to implement projects worth 3 mln euro in 2020 - report Transmission lines. Author: Nayu Kim. License: Creative Commons, Attribution 2.0 Generic.

SARAJEVO (Bosnia and Herzegovina), October 25 (SeeNews) - Bosnian engineering and design firm Ars Inzenjering will carry out projects worth 6 million marka (3.4 million/3.1 million euro) next year, local media reported on Friday. 

The projects include construction of new transmission lines (worth 2.5 million marka), construction of mobile telephony facilities (worth 2 million marka), electrification works on the Bosnian section of European transport Corridor Vc (1 million marka) as well as project design works on planned new wind power plants in Bosnia (500,000 marka), news portal reported, quoting Ars Inzenjering's CEO, Ranko Skoko, as saying. 

On the other hand, Ars Inzenjering plans to will invest 450,000 marka in the modernisation and expansion of its production capacities, by building a 500 square metres production facility, Skoko said. Part of the planned investment will also go to expanding the existing office building and purchasing new equipment.

Skoko also said that so far in 2019, his company earned 3.6 million marka, which is some 15% less than the like period of 2018 when Ars Inzenjering completed the construction of the 110 kV Gacko – Nevesinje transmission line worth 6.4 million marka for the needs of state power transmission operator Elektroprenos BiH. 

Ars Inzenjering is a family-run company, established in 2002. It provides project design and geodetic services and produces and installs lattice steel and steel pipe column products, including antenna poles, power transmission lines and substations, and cellular base stations, among others. 

(1 euro = 195583 marka)