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Energoprojekt to Help Build $53 Million Road Tunnel in Serbia

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Oct. 23 (Bloomberg) -- Energoprojekt Holding AD, a Serbian engineering company, said its Niskogradnja unit will act as sub-contractor for Azvirt MMC, an Azeri constructor building a highway in the Balkan country.

Niskogradnja agreed to build a two-lane, 884-meter long tunnel for 41 million euros ($53.4 million) within 34 months, the Belgrade-based holding company said today in an e-mailed statement. The tunnel will be part of the 40-kilometer (25-mile) Ljig-Preljina highway in central Serbia that Azvirt is building with a 308 million euro loan from Azerbaijan.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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