Delays put in doubt Serbian road deals

The two construction companies in Serbia, appointed for rehabilitation of around 1,100km of motorways, may have their contracts cancelled soon, according to Serbian media. The projects estimated to be worth around €400 million, according to a report by the national news agency Tanjug. Serbian vice president, Zorana Mihajlovic reportedly said that federal government may cancel the work due to violations of deadlines. However, she did not name the companies. For the time being it is an issue between
April 19, 2016 Read time: 1 min
The two construction companies in Serbia, appointed for rehabilitation of around 1,100km of motorways, may have their contracts cancelled soon, according to Serbian media.

The projects estimated to be worth around €400 million, according to a report by the national news agency Tanjug.

Serbian vice president, Zorana Mihajlovic reportedly said that federal government may cancel the work due to violations of deadlines. However, she did not name the companies.

For the time being it is an issue between the state highways agency Putevi Srbije and the companies involved, she said.

Related Content

  • ARTBA provides detailed analysis of US transportation investment
    July 2, 2013
    The latest American Road & Transportation Builders Association (ARTBA) analysis of US Census Bureau data reveals a 6% decline in the real value of highway pavement work. This contrasts with investment in airport, rail, transit, port and waterway construction in the US. Contractors completed US$8.4 billion in pavement construction work between January and April 2013, compared to $8.9 billion during the same time period in 2012 according to the report. Bridge and tunnel work between January and April 2013 was
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • EIB to fund Serbia-Kosovo highway?
    October 9, 2015
    The European Investment Bank (EIB) has expressed an interest in funding construction of the Nis-Pristina highway. This link would provide a new link between Nis in Serbia and Kosovo’s capital, Pristina. The EIB may also fund various other regional construction projects. Details of the Nis-Pristina highway project have not been disclosed however. Currently, there are a total of five active EIB's loans for work in Serbia, worth €759 million, for the Corridor 10 motorway, and rail and road infrastructure proj
    Read More
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More

Highlighted Content