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Bosnia's Euro-Asfalt awarded 34.7 mln euro road works project in Montenegro

Author Maja Garaca
Bosnia's Euro-Asfalt awarded 34.7 mln euro road works project in Montenegro Author: jphilipg. Licence: Creative Commons.

SARAJEVO (Bosnia and Herzegovina), December 5 (SeeNews) – Montenegro's transport ministry said it awarded a contract worth 34.7 million euro ($36.9 million), VAT excluded, for the reconstruction of a 14.4 km regional road section to Bosnian engineering firm Euro-Asfalt.

The transport ministry and Euro-Afalt signed on Friday a deal for the works which include the reconstruction of the Lubnice - Jezerine road section and the construction of a 2.8 km long tunnel, the ministry said in a statement following the signing ceremony.

The funds for the project were secured from an EBRD loan. The deadline for the works is three years from commencement.

($=0.9399 euro)

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