Serbia cancels Corridor 10 contracts with bankrupt Austrian road builder Alpine Bau

By bne IntelliNews August 6, 2013

Serb motorway operator Koridori Srbije informed Austrian road builder Apline Bau on Tuesday, August 6, it has cancelled all four contracts for the construction of sections on the Pirot-Dimitrovgrad motorway and the Dimitrovgrad bypass, news agency Beta reported.

“With this notification the contract is considered cancelled,” the head of Koridori Srbije, Dmitar Djurovic, told a news conference.

Djurovic said that all conditions for cancelling the deal have been met and all parties involved have been consulted on the matter. The cancelation, announced in early July – after Alpine entered insolvency in June, was awaiting the opinion of the lawyer from Vienna, of Alpine’s bankruptcy receiver, as well as the consent of the World Bank and the EBRD – as project financiers.

Koridori Srbije is expected to call a new tender for completing the construction of the 15-km Pirot-Dimitrovgrad section (in the southeast – to the border with Bulgaria).

Alpine signed the contract for two sections on the Pan-European Corridor 10 worth EUR 30mn with Serbia in April 2010, expecting to wrap up construction works within two years. The deal also included the 5.8-km Dimitrovgrad city bypass and the 8.6-km section to the Bulgarian border.

Related Articles

Former Belgrade airport chief arrested in corruption probe

A former head of Belgrade’s Airport Nikola Tesla (ANT) — identified only by the initials V. R. — has been arrested as part of a corruption investigation, the Ministry of Interior Affairs (MUP) ... more

Southeast Europe's biggest synthetic drugs lab found in Macedonia

Macedonia’s Public Prosecutor's Office said on December 1 it has discovered the biggest laboratory producing synthetic drugs in Southeast Europe in the northwestern city of Tetovo. The lab, ... more

Serbia's one time "airport with no passengers" announces record numbers in 2017

Serbia’s second largest airport, Constantine the Great Airport in Nis, broke its record for passenger numbers on November 28, announcing the following day that 300,000 ... more

Dismiss