The highway between Horgos, at the border with Hungary, and the central Serbian town of Pozega, is to be completed in five years and will cost more than $1 billion, Serbia's RTS radio-television reported Friday.
The consortium of Spain's FCC construction company and Austria's Alpine-Mayreder firm signed the agreement with the Serbian government in Belgrade, after winning an international tender in November.
Under the agreement, the consortium is to build a 66-mile stretch of the left lanes of the highway from Horgos to Novi Sad, maintain a 42-miles stretch from Novi Sad to Belgrade and project and build 92 miles of a full highway from Belgrade to Pozega.
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