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ZAGREB (Croatia), September 26 (SeeNews) - Croatian civil engineering company IGH [ZSE:IGH] said on Thursday it has signed a 3.0 million kuna ($443,000/405,000 euro) contract with Sarajevo's public communal company Vodovod i Kanalizacija for the supervision of reconstruction works at the city's water supply network.
IGH will carry out the supervisory works in partnership with Sarajevo-based IPSA Institut for a period of 18 months, IGH said in an emailed statement.
The supervisory works are part of a Sarajevo Water Project, financed by the European Bank for Reconstruction and Development, whose first phase is worth 10 million euro ($10.9 million), the statement said.
The project includes the renovation of the existing pumping stations in Sarajevo.
IGH shares traded flat at 150 kuna by 12:00 CET on Thursday, after closing up 6.38% a day earlier.
(1 euro = 7.4079 kuna)