Government of Serbia ordered the bank to collect 10m EUR from concessionaire “Alpine-Porr” for guarantee for construction of Horgoš-Požega highway
Government of Serbia has announced today (February 2, 2009)
that it gave the order to the bank to collect 10m EUR from concessionaire “Sever-jug
autoput”, which was founded by Austrian companies “Alpine” and “Porr”, for the
guarantee for construction of Horgoš-Požega highway.
According to the announcement, the Government gave the order for payment of 10m
EUR on Friday, January 30, because concessionaire "Sever-jug autoput"
did not meet the obligations from the Contract on concession.
The concessionaires did not manage to complete financial structure prior to December
31, 2008. If they did, they would make it possible for the Contract on
concession to be put in effect and for the works on construction of Horgoš-Požega
highway to commence.
According to the announcement, the Government of Serbia is still willing to purchase all the necessary documentation from the concessionaires, in as short time as possible, in order to accelerate works on that section of “Corridor 10”.
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