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Bosnia Inks Deal With Chinese & Azeri Firms To Build Highway Section

Infra News - Published on Mon, 24 Jun 2019

Image Source: google.com
Reuters reported that Bosnian state motorways firm Autoceste FBiH has awarded a USD 111.9 million contract to build part of a pan-European north-south highway to China State Construction Engineering Corp and a consortium including Azerbaijan’s Azvirt MMC. Under the terms of the deal, China State Construction Engineering Corp will build the road portion of the 11.75-kilometre long Pocitelj-Zvirovici section of the highway in southern Bosnia at a cost of EUR 66.1 million. A consortium of Azvirt MMC, China’s Sinohydro Corporation and Power China Road Bridge Group will construct the one kilometre-long Pocitelj bridge on the section, worth EUR 32.8 million.

Autoceste’s general manager Adnan Terzic said that funding for deal has been provided by the European Investment Bank and the works, which should commence soon, should be completed in 30 months’ time.

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Posted By : Mohan Sharma on Mon, 24 Jun 2019
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