By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Construction of a Section worth 76 Million Euros was stopped, the Construction Site is empty
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > Construction of a Section worth 76 Million Euros was stopped, the Construction Site is empty
BUSINESS

Construction of a Section worth 76 Million Euros was stopped, the Construction Site is empty

Published January 25, 2024
Share
SHARE

The work was suspended after the costs increased enormously.

The section Vranduk – Ponirak near Zenica has not yet been completed, and the works have not continued even after five months.

To recall, the contract for the construction of the section Poprikuse – Zenica north (Donja Gracanica), whose subdivision is Vranduk – Ponirak, was signed on May 15th, 2019. The consortium of companies “Azvirt L.L.C” (Azerbaijan) and “Hering” d. d. Siroki Brijeg was selected as the contractor.

The value of the contract for the construction of the subdivision Vranduk – Ponirak was originally EUR 76,592,799 including VAT, and the funds were secured through the OPEC Fund for International Development (OFID). However, in April of last year, an additional debt of 25 million euros was requested for the subdivision Vranduk – Ponirak, from the former creditor OFID.

After that, on August 22nd, the works were preserved, the machines were withdrawn from the construction site until the investigation of the competent authorities on how there was an enormous increase in the expenditure of millions of euros on this section was completed.

Despite the fact that the works have been stopped, Public Utility”Motorways of Federation of BiH”, (FBiH) according to the decision of the Dispute Resolution Committee, must pay 11 million BAM even though there is no work in sight.

The dispute against “Motorways of FBiH” was initiated by the Azerbaijani company “Azvirt” as the main contractor on the Vranduk – Ponirak section. The dispute resolution committee estimated that the costs had risen to 11 million BAM, and, in any case, they will be paid out of the citizens’ pockets!

Reporters visited this deserted construction site on Tuesday. It looks even spookier than in September last year, when there were still some machines. Everything is empty without a single worker.

The construction of this section is under the scrutiny of the investigators of the Federal Police Administration (FUP), and after the Prosecutor’s Office of Herzegovina-Neretva Canton received a criminal complaint about alleged illegalities in the construction. It is about the actions of the former Administration of “Motorways of FBiH”, led by Elmedin Voloder.

”Costs on this section as of December 31st, 2022 for the implementation of the project amounted to 73,804,435 euros, and almost 2.5 of the total 5.3 kilometers were completed. There are changes in projects due to inadequate initial design, which requires additional responsibilities, and which results in escalating costs and breaking construction deadlines,” it was stated, among other things, in the report of the Office for the Audit of FBiH Institutions, Biznis Info writes.

E.Dz.

Seminar on Export of Products of Animal Origin from BiH To Banja Luka and Sarajevo

Consumer Price Index in BiH Rose by .1 Percent

New visual identity of the Central Bank of BiH, read what it means

Authorities have a Few Weeks to fulfill the Requirements for IMF Funds

Thermal Energy Production System from Block 6 currently in the Test Phase

Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article The Kremlin accused Ukraine of Shooting down the Plane
Next Article Around 30 BiH Citizens are awaiting Evacuation from Sudan: “They escaped under great Threat”
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

Kos: Six WB Partners risk Permanent Loss of more than 700 Million Euros
April 20, 2026
140 Years of Tradition of Mills on the Drezanca River
April 20, 2026
MP Neskovic leaves Spiric 5 BAM as Help over Fuel Prices
April 20, 2026
HDZ President spoke with the Apostolic Nuncio in Bosnia and Herzegovina
April 20, 2026
Director of IGC Emir Ramic receive serious Threats again
April 20, 2026
Consumer Prices and Inflation record Increase in the Federation of BiH
April 20, 2026
Both Imports and Exports record Increase in BiH
April 20, 2026
Delegates from the SNSD and HDZ BiH did not attend the Regular Session of the House of Peoples
April 20, 2026
From Sarajevo to Armageddon: Why World War III Is Likely and How to Avoid It
April 20, 2026
BiH Delegation ready to confront Croatian Representatives on Trgovska Gora Case
April 20, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?