JV "TRACE VLASOTINCE” with a leading partner “Trace Group Hold” Plc signed a contract for road section rehabilitation in Serbia

On 17.08.2018 the public enterprise "Putevi Serbia" and JV "TRACE VLASOTINCE" (composed of “Trace Group Hold” Plc (as leading partner) and “Trace PZP Nish” Jsc signed a contract for implementation of a public procurement contract: Rehabilitation of a State road IB 39, section: Vlasotince - Svodje, from km 58 + 876 to km 46 + 362. The value of the contract amounts to 652 681 999.21 SRB excluding VAT. Funding for the project is provided by the International Bank for Reconstruction and Development, the European Investment Bank and the Republic of Serbia's budget. The deadline for the construction works is 15 months. A complete rehabilitation of a 12-kilometer section will be carried out, including the destruction of curbs, streets, pavements; profiling of the existing pavement for road extension; excavation works, groundwater treatment, embankments; building a pavement on the road; improving the pavement as well as placing concrete curbs and streets construction. The contract also covers the repair of bridges, culverts, concrete walls; road marking and signaling; electrical cables and telecommunication.