October 29 (SeeNews) - Turkish civil engineering company Tasyapi has signed a 24 million euro ($27.4 million) contract for the overhaul of the Novi Pazar-Tutin road in southern Serbia, the Serbian government said on Monday.
The Turkish company will draft the design and regulation projects and will also carry out the civil engineering works on the overhaul of the 20.5 km-long Novi Pazar-Tutin road, the Serbian government said in a statement.
In May, Serbia's government said it signed a Memorandum of Understanding (MoU) with Tasyapi for cooperation on road infrastructure projects.
Under the terms of the agreement signed in Istanbul, Tasyapi will prepare a technical and financial analysis on the projects for the overhaul of the Novi Pazar-Tutin and Aljinovici-Sjenica-Novi Pazar roads, as well as for the construction of the Belgrade-Sarajevo motorway on Serbian territory.
($ = 0.876518 euro)