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Sarajevo Times > Blog > BUSINESS > What is the Estimated Value of the Road Neum-Stolac?
BUSINESS

What is the Estimated Value of the Road Neum-Stolac?

Published November 21, 2016
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road-neum-stolacFor the construction of the road Neum-Stolac, which will be connecting the only BiH city on the sea with the interior of the country, a total of 10 bids have been received, as announced by the Public Enterprise (PE) Roads of the FBiH.

PE Roads of the FBiH on Monday organized a public opening of bids for the construction of the highway M -17.3 Neum- Stolac, sections LOT 1 and LOT 2.

Work on the section LOT 1 will include asphalting sections Old Neum-Babin Do in the length of 5.3 km, construction of the road Babin Do-Ostrovac of 1.7 km and construction of tunnel Ostrovac of 190 m, while the works on the section LOT 2 include the construction of the Ostrovac-Brocanac section in the length of 5 km.

Ten bidders gave their offers: Oberosler Cav. Pietro Ltd, Italy; Kolektor Koling d.o.o., Slovenia; Euro-Asfalt Ltd., BiH; Strabag AG, Austria; JV HP Investing Ltd. BiH, Putovi Grude Ltd. BiH, Gorenska Gradbena Druzba Ltd Slovenia; JV HP Investing Ltd. BiH, Putovi Grude Ltd BiH, JV Hering Ltd. BiH, Viadukt Ltd. Croatia; JV Hering Ltd .BiH, Viadukt Ltd. Croatia, KTM Brina Ltd. BiH; Todini Costruzioni Generali S.p.A, Italy; Integral Inzenjering Ltd. BiH.

Commission will review and evaluate all bids where the evaluation criteria will be the lowest price and the technical compatibility of the offer. The project will be financed by loans from the World Bank (WB) and the European Investment Bank (EIB).

Construction work on the main road M-17.3 Neum-Stolac, LOT 1 and LOT 2 sections represent the first in a series of projects for modernization of the road of FBiH in the future. Previously, it was announced that the roads of Neum to Stolac represents a road that means life for BiH city on the sea and that tourists usually go to Neum via Metkovic.

The value of the construction of this road is estimated at 87 million BAM. The road from Stolac to Neum is 5.1 km long, and the last great investment for this road with two tracks was in 1984 during the Olympic Games in Sarajevo, when one km was built from the direction of Neum and 15 km from Stolac.

Now you can get to Neum via Svitava which is a dangerous and uncertain terrain or by passing through Croatia, and many people believe that Neum, after Croatian accession to the EU, came to a certain stage of neglect.

(Source: A. B./Klix.ba)

 

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TAGGED:#investment#neum#project#road#stolacconstruction worksPE Roads of the FBiH
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