News in English     | 23.08.2018. 15:16 |

Construction agreements for Hutovo tunnel and Neum-Stolac road section signed

FENA Press release

SARAJEVO, August 23 (FENA) - As part of the construction project of the road M-17.3 Neum - Stolac, today the public enterprise the Roads of the Federation BiH Sarajevo signed an agreement for the construction of the Hutovo tunnel, 975 meters long and the road P 142 - P 164, 525 meters long and P 204 - P 250, 1.125 meters in length.

The agreement was signed by the Director of the FBiH Roads Ljubo Pravdić, and representatives of the consortium Euro-Asfalt Sarajevo and HP Investing Mostar, Hamed Ramić and Dženan Pekušić.

The value of the agreement is 23.057.197,66 KM with VAT. The scheduled start of the construction works is 3 September 2018, and the deadline for execution is 24 months.

The agreement, which will be jointly financed from the World Bank and European Investment Bank loan funds, is the third concluded agreement for this section under the Roads Modernization Program in FBiH and another step towards the implementation of a long-standing project and bringing closer the towns of Neum and Stolac, announced the FBiH Roads.

(FENA) S. R.

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