November 4 (SeeNews) - Chinese company Sinohydro has prepared and submitted research documents including a feasibility study necessary for the final negotiations on a loan agreement with China's Ex-Im Bank for the construction of the Glamocani-Put AVNOJ section of the Banja Luka–Mliniste motorway, local media reported on Wednesday.
Sinohydro signed in December a preliminary agreement with state-owned motorway operator JP Autoputevi RS on the design and construction of the Glamocani-Mlinista motorway, news daily Nezavisne reported.
A commercial agreement with the contractor Sinohydro must be signed before the Serb Republic's finance ministry can submit an official request for a loan with Ex-Im Bank, Nezavisne said, quoting JP Autoputevi RS.
JP Autoputevi added that the contract will be signed as soon as the entity's government grants its permission, but it will come into effect once the loan with Ex-Im has been concluded.
The deal should cover works on the section Glamocani-Put Avnoj which is 62 km, while the total length of the Glamocani-Mlinista motorway is 93 km.
In June, the Serb Republic's transport ministry said China's Ex-Im Bank has expressed its support for the construction of the Banja Luka-Mlinista motorway and other infrastructure projects in the entity.
The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other is the Muslim-Croat Federation.