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

  • Questions and delays afflict some key Indonesian transport project
    March 28, 2014
    Indonesia’s transport expansion programme is seeing new projects commence, but others afflicted by questions over feasibility and delays. Questions over the economic feasibility of the proposed Sunda Strait Bridge project have been raised by the Public Works Ministry. This mega-project is intended to provide a road link between Sumatra and Java. But construction of the 30km structure could cost up to US$23 billion and might not be fully recovered, even if the investor collects toll fees under a 100-year con
    Read More
  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • Fehmarn Belt Fixed Link could open by 2025 at earliest
    November 27, 2015
    The ambitious Fehmarn Belt Fixed Link, connecting Denmark and Germany, will open in 2025 at the earliest, according to the Danish finance ministry. Femern A/S, the Danish government-owned company managing the project, confirmed the note from the government. It also said the ministry still has financial concerns over the deal to build an immersed tunnel connecting the towns of Rødby in Denmark’s southern Zealand with Puttgarden in northern Germany. Of particular is the time for a construction company t
    Read More
  • Tanzania delivers road construction boost
    November 2, 2012
    Plans to upgrade two major roads in Tanzania will bring huge benefits to the East African nation. Shem Oirere reports Tanzania’s bid to retain or improve its position as East Africa’s second largest economy is gaining momentum as the government moves to support the achieved growth and contribute more to ongoing regional economic integration through the improvement of its transport infrastructure. The country received a major boost in April, 2012, when the African Development Bank (AfDB), one of Tanzania lea
    Read More

Highlighted Content