BANJA LUKA (Bosnia and Herzegovina), October 17 (SeeNews) – The parliament of Bosnia’s Serb Republic has approved a government-proposed 3.0 billion euro ($4.06 billion) deal with Austrian construction firm Strabag to build a road network in this part of Bosnia, public broadcaster Radio-Televizija Republike Srpske (RTRS) reported.
The government granted Strabag in February a 30-year concession to build some 430 kilometres of motorways and high-speed roads under a joint venture scheme but the signing of a contract has been delayed due to disagreements over land expropriation.
The deadline for signing a contract is November 2, RTRS quoted the Serb Republic Transport and Communications minister, Nedeljko Cubrilovic, as telling parliament late on Thursday. Cubrilovic said the government will hold a 10% stake in the joint venture.
The Serb Republic is one of the two autonomous parts forming war-divided Bosnia. The other is the Muslim-Croat Federation.
The construction of the road network will be the largest post-war infrastructure project in this part of Bosnia. It includes a motorway connecting the Serb Republic's administrative centre of Banja Luka with Gradiska on the border with Croatia to the north and an east-to-west motorway from the border with Serbia to the western Bosnian town of Prijedor.
It also envisages the construction of a section of EU-defined north-to-south transport corridor Vc, connecting the Hungarian capital Budapest with the Croatian Adriatic port of Ploce via Bosnia.
($ = 0.739 euro)
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