April 5 (SeeNews) - Croatian civil engineering company Institut IGH [ZSE:IGH] said it signed on Friday with French construction company Bouygues T.P. a deal worth almost 498,000 euro ($538,000) for provision of services on the Istrian Y motorway in Croatia.
The deal concerns the provision of control and testing services on the PUO Kvarner – Matulji and Nova Vas – Visnjan sections of the motorway, the Mirna bridge and the Limska Draga viaduct on the Medaki - Kanfanar section, it said in a note to the Zagreb bourse.
Motorway management company Bina-Istra, in its capacity as concessionaire of the motorway, in May 2023 signed with Bouygues a deal for management, maintenance and supervision of the construction of the Istrian Y motorway.
The motorway will make it possible to reach Pula in Istria from the capital Zagreb in two and a half hours.
Shares of Institute IGH traded 8.55% higher at 12.70 euro on Friday afternoon on the Zagreb bourse.
($ = 0.925 euro)