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

  • Bosnia gets €750 million loan for Corridor 5C motorway
    March 1, 2018
    Bosnia has signed a European loan agreement worth €750 million for several sections of work on the Corridor 5V motorway project. Denis Zvizdic, head of government for Bosnia and Herzegovina, said the deal was signed in London during a recent investment conference on the western Balkans. Of the loan amount, the Federation of Bosnia and Herzegovina will get €500 million and the internal but autonomous Republika Srpska will receive €250 million. The money will be used for constructing four 70km sections of
    Read More
  • Russia new programme for developing high-speed roads
    January 14, 2019
    Russia has approved a new state programme for the development of its high-speed road network – Eugene Gerden reports The Russian government has officially approved a new state programme, which is aimed at developing the federal high-speed road network in the country. This programme will run until 2030, according to recent statements by the official state press-service. According to some leading Russian experts in the roadbuilding sector, the need to implement these plans is acute. At present the tota
    Read More
  • BAM half year results show jump in pre-tax profit
    August 19, 2016
    Dutch construction and related services group Royal BAM posted improved half-year results, despite Britain’s decision to leave the European Union. Half-year results to June showed pre-tax profit to €45 million, up from €4 million the previous year. However, group revenue slipped back €3.4 billion, down from around €3.5 billion. Construction and mechanical & electrical services suffered a €23.8 million loss, blamed on poor trading in Germany. But civil engineering and property helped profitability.
    Read More
  • Work starts on last Sofia-Kalotina section
    May 24, 2023
    Bulgaria’s A6 Europa Motorway from the capital with link up with Serbia’s A4 Motorway.
    Read More

Highlighted Content