The contract on the construction of the motorway on the section Tarcin – Konjic, subsection Tarcin – Ivan, LOT 1, Tarcin – entrance to the tunnel Ivan was signed at the headquarters of the Public Enterprise Motorway of the Federation of Bosnia and Herzegovina in Mostar.
The contract was signed by Adnan Terzic, director of PE Autoceste FBiH as an investor and Hamed Ramic, director of Euro-Asfalt d.o.o. on behalf of the consortium of contractors Euro-Asfalt d.o.o. Sarajevo and Granit AD Skopje and Denis Lasic, Minister of Transport and Communications of the Federation of BiH as witnesses on behalf of JP Autoceste FBiH and Almedin Husomanović as witnesses on behalf of the consortium of contractors.
The value of the contract for the construction of the Tarcin sub-section – entrance to the Ivan tunnel is EUR 77,903,313 or EUR 66,584,028 without VAT, and the funds were provided through the European Investment Bank (EIB) and non-refundable grant funds from WBIF (EU funds) in the amount of of 11.7 million euros.
The estimated construction period is 20 months.