Serbia ponders penalties for Azvirt over Ljig-Preljina delays

The Serbian government has said it could issue penalties to the Azerbaijani construction company Azvirt for delays to work on the Ljig-Preljina Corridor 11 motorway project. Completion was set for the middle of next month. But last month the government said delays of around a month were due to problems construction the tunnel and bridge sections. The new route is expected to open around 40 days later than originally expected as a result.
September 9, 2016 Read time: 1 min

The Serbian government has said it could issue penalties to the Azerbaijani construction company 5414 Azvirt for delays to work on the Ljig-Preljina Corridor 11 motorway project.

Completion was set for the middle of next month. But last month the government said delays of around a month were due to problems construction the tunnel and bridge sections. The new route is expected to open around 40 days later than originally expected as a result.

Minister of Transport, Zorana Mihajlovic, had stated that the government will want an explanation from the investor, Serbian roads company 3235 Koridori Srbije.

Finance & Funding

For more information on companies in this article

Related Content

  • Bosnia cancels a tender for Corridor 5C, part of European route E73
    March 13, 2017
    Bosnia is cancelling a tender for part of its Corridor 5C project, an integral part of the class-A north-south central European route E73. Route E73 runs around 700km from Hungary south through eastern Croatia to Bosnia and Herzegovina and the Adriatic Sea in the area of Ploče port. The longest part of this corridor goes through Bosnia and Herzegovina – nearly 340km. Director of the Bosnian motorways company Autoput FBiH, Adnan Terzic, confirmed the cancelled tender to the Bosnian daily newspaper Dnev
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Denmark set to appoint preferred bidder for Fehmarnbelt link
    March 14, 2016
    The Danish political parties behind the Fehmarnbelt link have mandated Femern A/S to appoint preferred bidders for the main tunnel work in order to enter into conditional contracts no later than mid-May. Femern A/S is the Danish government-owned company managing the Fehmarn Belt immersed tunnel project between Denmark and Germany. The project was approved by the Danish parliament in April last year. It is supposed to be built, owned - apart from the German land works - and operated by Femern A/S, a su
    Read More
  • Tampere road tunnel - a strategic link for central Finland
    April 4, 2016
    Progress has been good for an important underground road link in Finland reports Adrian Greeman. Assuming all goes well, the new Ranta, or Lakeside, tunnel in Tampere will open in full six months early; traffic could be running by the end of this year. Work on transforming the rundown city centre with new developments will get a major boost. It is a major achievement on a four-year-long project bringing significant benefits to one of Finland's largest cities. From the government's point of view the scheme w
    Read More

Highlighted Content