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Alpine: Serbia to Withdraw from Contract

Published: July 3, 2013; 13:52 · (Vindobona)

Serbia intends to withdraw from the building contracts for the construction of a highway with bankrupt Alpine within the next 15 days.

Alpine: Serbia to Withdraw from Contract / Picture: © Flickr

Austrian construction company Alpine was commissioned with a contract for the construction of a highway section between the South Serbian cities of Pirot and Dimitrovgrad on the border to Bulgaria as well as with a bypass road surrounding Dimitrovgrad. The contract value of the construction work, which started in 2010, came at € 60m, according to earlier reports by the media.…

This article includes a total of 247 words.

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