November 2 (SeeNews) - Serbia's Customs Administration said on Thursday it plans to invest a total of 2.1 million euro ($2.4 million) in the construction of the Bajmok checkpoint on the Hungarian border.
The Serbian government has received a 1.8 million euro financing from the EU's Pre-Accession Assistance (IPA) programme for the project and it will provide an additional 300,000 euro funding, the Customs Administration said in a statement.
The construction of the Bajmok pass, carried out by Serbian company Modulor, will last 18 months, and the completion of works is expected at the end of 2018, the statement reads.
The Customs Administration has already completed the first phase of the project, which includes the construction of two road lanes in each direction to accelerate passenger traffic, the institution added.
The project is part of the 6.7 million euro programme for the modernisation of the Serbian Customs Administration funded by the European Union.
($=0.8585 euro)