Montenegro's transport ministry said it awarded a contract worth 34.7 million euro ($36.9 million), VAT excluded, for the reconstruction of a 14.4 km regional road section to Bosnian engineering firm Euro-Asfalt.
The transport ministry and Euro-Asfalt signed on Friday a deal for the works which include the reconstruction of the Lubnice – Jezerine road section and the construction of a 2.8 km long tunnel, the ministry said in a statement following the signing ceremony.
The funds for the project were secured from an EBRD loan. The deadline for the works is three years from commencement.
