“Guarantees needed for highway construction”

Dragan Đilas says that construction of the Horgoš-Požega highway cannot begin until guarantees are received.

Izvor: Beta

Wednesday, 26.03.2008.

15:31

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Dragan Djilas says that construction of the Horgos-Pozega highway cannot begin until guarantees are received. The minister responsible for the implementation of the National Investment Plan said that the government would try to find a compromise solution tomorrow to give the concessionaires more time to meet the terms stipulated in the contract signed with the government. “Guarantees needed for highway construction” Trade and Industry Minister Predrag Bubalo claims that the concession contract has not fallen through. He said that provided the concessionaires respected the agreement, construction would begin on time, but if they asked for changes to the agreement, then these had to be looked into carefully. Djilas said that the highway was one of Serbia’s priorities, but that it was not realistic for someone to begin construction and say that they will make a financial construction by December 31, “but if I don’t make it, you can pay me for what I did, and may God help you with whatever you want to do next.” He said that the government’s economic and financial committee had decided yesterday to discuss this question directly within the government itself. Deputy Prime Minister Bozidar Djelic stated earlier that the financial institutions which needed to secure more than EUR 1bn for the construction of the highway, were asking for the financial construction to be postponed from March 31 to December 31. The construction of the highway is supposed to be financed by Deutsche Bank. The deputy prime minister said that the concessionaires, Por and Alpina, had proposed that they finance the construction themselves in the first year. Djelic stated then that the government must receive a guarantee that Serbia would not lose money if the concessionaires did not have the funds to build the highway, and that in that event, their proposal would be adopted.

“Guarantees needed for highway construction”

Trade and Industry Minister Predrag Bubalo claims that the concession contract has not fallen through.

He said that provided the concessionaires respected the agreement, construction would begin on time, but if they asked for changes to the agreement, then these had to be looked into carefully.

Đilas said that the highway was one of Serbia’s priorities, but that it was not realistic for someone to begin construction and say that they will make a financial construction by December 31, “but if I don’t make it, you can pay me for what I did, and may God help you with whatever you want to do next.”

He said that the government’s economic and financial committee had decided yesterday to discuss this question directly within the government itself.

Deputy Prime Minister Božidar Đelić stated earlier that the financial institutions which needed to secure more than EUR 1bn for the construction of the highway, were asking for the financial construction to be postponed from March 31 to December 31.

The construction of the highway is supposed to be financed by Deutsche Bank.

The deputy prime minister said that the concessionaires, Por and Alpina, had proposed that they finance the construction themselves in the first year. Đelić stated then that the government must receive a guarantee that Serbia would not lose money if the concessionaires did not have the funds to build the highway, and that in that event, their proposal would be adopted.

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