March 10 (SeeNews) - Autoceste FBiH, the state-owned motorway operator of Bosnia's Federation, said it has signed a contract worth 361.8 million euro ($383.5 million), VAT excluded, with Turkey's construction and engineering company Cengiz Insaat Sanayi VE Ticaret A.S for the construction of the Medakovo - Ozimice section of European transport Corridor Vc.
The construction of the 21.3-kilometre section should be completed within 30 months, Autoceste FBiH said in a press release on Thursday.
The section includes one interchange, two two-sided rest areas, eight bridges and viaducts, two overpasses, 15 underpasses and one 2.2-kilometre-long tunnel.
The project is financed through a loan provided by the European Investment Bank (EIB) and a grant from the European Union (EU) provided through the Western Balkans Investment Framework (WBIF).
Corridor Vc has a total length of 700 km and connects the port of Ploce in Croatia with Budapest in Hungary, stretching some 340 km across Bosnia.
The Federation is one of the two autonomous entities that form Bosnia and Herzegovina. The other is the Serb Republic.
($ = 0.943487 euro)