Bulgarian Trace Group Hold Lands EUR 19.6M Contract in Serbia

Bulgarian construction company Trace Group Hold AD has signed a contract for the finishing work on the Pirot-Dimitrovgrad section of the E80 motorway in Serbia.

The contract is worth EUR 19.6 M and the funding is provided by the European Bank for Reconstruction and Development (EBRD), according to a media statement of the company, as cited by the Bulgarian Stock Exchange (BSE)-Sofia.

The contract, signed on June 27, 2014, envisages finishing work on a 9km motorway section. The contracting authority is Koridori Srbije DOO and the implementation period is 15 months.

Trace Group Hold AD is building two other sections with a total length of 36km of the E80 motorway - parallel road Bela Palanka-Pirot (West) and a section of the E75 motorway from Grdelica (Gornje Polje)-Caricina Dolina - worth a total of EUR 71.9 M.