Skip to main content

Turkish firms bidding for Bosnian project

Bosnian Minister of Transport and Telecoms, Damir Hadzic, who is currently visiting Turkey has reported that there is a possibility that Turkey could be awarded a concession for construction of the southern part of the Corridor Vc motorway through Bosnia. He made his announcement for the Andoli agency. He said that he already held several talks with Turkish companies for construction of the motorway. The project value is expected to reach approximately EUR 2bn (USD 2.63bn). Mr Hadzic said that Bosnia could
April 19, 2012 Read time: 1 min
Bosnian Minister of Transport and Telecoms, Damir Hadzic, who is currently visiting Turkey has reported that there is a possibility that Turkey could be awarded a concession for construction of the southern part of the Corridor Vc motorway through Bosnia. He made his announcement for the Andoli agency. He said that he already held several talks with Turkish companies for construction of the motorway. The project value is expected to reach approximately EUR 2bn (USD 2.63bn). Mr Hadzic said that Bosnia could sign a special cooperation model with Bosnia for the upcoming project. The project is of strategic importance for the country. However, he said that Bosnia is lacking necessary funding.

Related Content

  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
  • Bosnia tags China Shandong to build Banja Luka-Prijedor motorway
    February 16, 2018
    Bosnia’s autonomous Republika Srpska has picked China Shandong International and Technical Cooperation to construct and operate the Banja Luka-Prijedor motorway. Talks with China Shandong start this month for the 25-30 year concession for the 42km motorway. The company will fund construction and then collect tolls as part of repayment, according to media reports. The cost is estimated to be around €298 million and construction finish is expected to be in 2023. In November, Autoputevi RS, Republika Srpska
  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
  • 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