November 22 (SeeNews) - Macedonian construction company Granit [MSE:GRNT] said that it has signed three road rehabilitation contracts with Macedonia's Public Enterprise for State Roads worth a total of 641.9 million denars ($11.9 million/10.4 million euro).
The largest contract, worth 228 million denars, envisages the rehabilitation of the Strumica-Rosoman and Furka-Gevgelija roads, in the country's southeast, Granit said in a bourse filing on Wednesday.
Works must be completed within one year.
The second contract concerns the Jurumleri-Demir Hisar and the Drachevo-Taor roads, near Skopje. Works under the 209.6 million denars contract must be completed within eight months.
The last contract, worth 204.3 million denars, is for rehabilitation of the Delcevo-Pehcevo and Berovo-Vinica roads, in the country's northeast. The deadline for completing works is eight months.
Skopje-based Granit was established in 1952 and privatised in 1996. Its main activities include construction and rehabilitation of roads. The company owns several concrete and asphalt plants and stone quarries.
(1 euro = 61.51 denars)