An agreement was signed on Tuesday to build the Ljubovija-Bratunac bridge across the Drina River.
The document was signed by Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic and the representative of a consortium of local companies which will be engaged in the construction.
On behalf of the consortium of four local firms led by the civil engineering company MBA – Ratko Mitrovic Niskogradnja, the agreement was signed by the company director Ilija Djordjevic.
Building the bridge and a joint border crossing point will speed up the traffic and the flow of goods, and create a better business environment for investments in the areas near the border between Serbia and Bosnia-Herzegovina on both sides of the Drina River, Mihajlovic said after signing the agreement at the Serbian government building.
The costs of construction will total around EUR 12 million, Serbia will allocate some EUR 4.5 million and the rest of the funds will be provided by Bosnia and the Serb Republic (RS) entity.
According to the agreement, Serbia will provide funds for the planning and technical documentation, and the construction of the bridge and the access road.
Bosnia-Herzegovina will fund the construction of border-crossing facilities, while the Serb entity will finance access roads in the Bosnian territory.
Source; B92
