Spain-Austria firm to build Serbia highway

March 30, 2007 at 11:00 AM

BELGRADE, Serbia, March 30 (UPI) -- Serbia granted a Spanish-Austrian consortium a 25-year concession to build a 158-mile highway from the Hungarian border to central Serbia.

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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