May 21 (SeeNews) - US-based construction consulting firm Hill International has signed a contract extending the budget of its ongoing assignment for technical assistance services to the European Investment Bank (EIB) for the implementation of infrastructure projects in the Western Balkans, it said on Thursday.
With a current budget of over 34.5 million euro ($37.9 million), the Infrastructure Project Facility 7 (IPF7) provides a mechanism to facilitate the realisation of bankable infrastructure investments in the energy, environmental, social, and transportation sectors in Albania, Bosnia and Herzegovina, Kosovo, North Macedonia, Montenegro and Serbia, Hill International said in a statement.
With this extension, the portfolio of allocated subprojects within IPF7 will reach 27. Of the total, 13 projects are in the transportation sector. The other 14 subprojects are spread between the energy, environmental, and social sectors.
Specific services performed by the Hill International-led consortium include feasibility studies, preliminary and detailed designs, tendering process support, preparatory sector studies, preparation of terms of references, and reporting to the Western Balkans Investment Framework (WBIF).
In 2018, Hill began leading a consortium of international companies in the implementation of the IPF7 project, which is financed by the European Commission.
($ = 0.9092 euro)