August 2 (SeeNews) - Bosnian road company Autoceste FBiH said it has signed a motorway construction contract worth 59.4 million euro ($65.9 million), VAT excluded, with local civil engineering company Euro-Asfalt.
The deal covers the construction of Ponirak–Vraca motorway section, 2.65 kilometres in length, which is part of European transport Corridor Vc, Autoceste FBiH said in a press release on Thursday.
Financing for the project has been provided by the European Investment Bank (EIB) in the amount of 50 million euro and the Western Balkans Investment Framework (WBIF) in the amount of 19 million euro.
The most significant facility on the Ponirak–Vraca section is the two-tube Zenica tunnel, some 2.5 kilometres in length.
The completion deadline is 30 months.
Corridor Vc, about 700 km in length, connects the Adriatic port of Ploce in Croatia to Budapest in Hungary via Bosnia. Its section in Bosnia is some 340 km long.
(1 euro = 195583 marka)