Croatia's Skladgradnja selected as partner in building Montenegro motorway

The China Road and Bridge Corporation (CRBC) has selected Croatia's Skladgradnja civil engineering company as a partner in the construction of a south-north motorway in Montenegro.

The two companies signed a EUR 34.5 million agreement in Podgorica on Tuesday in the presence of the Croatian ambassador to Montenegro, Ivana Peric. The agreement covers the construction of bridges, tunnels and underpasses.

Skladgradnja CEO Slaven Zuzul was quoted by Montenegrin media as saying that he was pleased that his company had been selected among tough competitors and was looking forward to cooperating with a major Chinese company.

Work on the Smokovac-Uvac-Matesevo section of the Bar-Boljare motorway is expected to begin in a month and last about two years. Zuzul said his company would engage about 200 workers for the project.

Last update: Wed, 09/03/2016 - 07:45
Author: 

More from Business

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...

Tobacco giant BAT agrees to 49-billion-dollar takeover of US rival

British American Tobacco Plc on Tuesday said it has finalized a deal to acquire 57.8 per cent of shares of US rival...