Strabag loses job over €3b ($3,7b) in Bosnia

Central- & Eastern EuropeWestern Balkans ♦ Published: July 5, 2010; 00:00 ♦ (Vindobona)

Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing. The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contra

Strabag loses job over €3b ($3,7b) in Bosnia / Picture: © Strabag SE

Strabag will terminate its order for a highway bypass in Bosnia. The project was not advertised, which is why the EBRD did not participate in the financing.

The Austrian construction group Strabag is negotiating the resolution of a €3b motorway contract in Bosnia, said Strabag spokeswoman Diana Klein. Strabag expects the resolution in the next three weeks. The background: At…