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TMCNet:  COMPANIES AND INDUSTRIES [IntelliNews - Weekly Reports]

[January 25, 2013]

COMPANIES AND INDUSTRIES [IntelliNews - Weekly Reports]

(IntelliNews - Weekly Reports Via Acquire Media NewsEdge) COMPANIES AND INDUSTRIESTurkey's Dogus interested in building motorway, bridge in Bosnia Turkey's Dogus Construction Group is interested in taking part in infrastructure projects in Bosnia's Serb Republic, the Republic's transport ministry said in a statement on Jan 24. The statement was published following the meeting between transport minister Nedeljko Cubrilovic and Dogus officials in Banja Luka. The Turkish group is particularly interested in the construction of the Banja Luka-Prnjavor motorway and the bridge on the Sava river at Gradiska, on the border with Croatia. Officials from the Republic's motorway operator Autoputevi RS and its project consultancy firm Deloitte were also present at the meeting.


Autoputevi RS opened in December an international tender for the design and construction of the 35.3-km Banja Luka-Prnjavor motorway section to be financed via a EUR 200mn EIB loan. The tender deadline expires on February 15, 2013 and the whole project is expected to cost EUR 250mn. Construction works should start at the end of the spring or the beginning of the summer of 2013. Banja Luka-Prnjavor will lie on the future 72-km motorway between Banja Luka and Doboj.

In addition, The Republic plans to launch a tender and pick up a contractor for the Sava bridge by the start of this year's construction season. The project financing will be 50/50 split between Bosnia and Croatia. The bridge will link the E-661 Gradiska-Banja Luka motorway with the Zagreb-Lipovac motorway in Croatia, which lies on pan-European Corridor 10. The corridor connects Austria's Salzburg with Greece's Thessaloniki via Slovenia, Croatia, Serbia and Macedonia.

Bosnia to launch tender for 60 MW Mostarsko Blato hydropower plant Bosnia's Federation government said it has decided to launch proceeding for awarding concession on the construction of the Mostarsko Blato hydropower plant. The 60 MW plant will generate electricity using the waters of the Listica river on the territory of the southwestern municipalities of Mostar and Siroki Brijeg, the government said in a statement after its regular meeting last week. The Federation's energy ministry has been authorised to lead the negotiations with potential concessionaires on behalf of power utility Elektroprivreda HZ HB.

Bosnia's Pretis signs three new deals worth EUR 15mn in total.

Bosnian mortar and artillery shells producer Pretis signed three contracts worth a combined BAM 30mn (EUR 15.3mn) in the beginning of January, hoping the deals will help it escape bankruptcy and exit the crisis, news service eKapija informed, quoting a report of daily Oslobodjenje. Two of the contracts, worth a combined BAM 16.5mn, concern the production of 155mm caliber ammunitions. The third contract of BAM 14mn is for assembling and selling piles of stock. Bosnia's Federation industry minister Erdal Trhulj was quoted as saying that thanks to the deals the company will be able to pay its overdue liabilities and arrears to workers. The report did not say who Pretis partners in the three contracts are. The company is 51%-owned by the Federation's government, while the remainder belongs to smaller shareholders.

Bosnia's Prevent Invest to auction BH Telecom shares on Jan 25.

Bosnian closed-end investment fund Prevent Invest will offer 300,000 BH Telecom shares at a bourse auction on January 25, seeking to raise a total BAM 6mn (EUR 3.1mn) from the sale, the Sarajevo Stock Exchange said in an emailed statement. The shares, equal to some 0.47% of BH Telecom's equity, are offered for sale at BAM 20 each. The company stock closed up 0.05% to BAM 19.51 on Wednesday, Jan 23. It was not immediately clear whether Prevent Invest is selling its complete ownership in Bosnia's biggest telecommunications firm. Yet, data on the bourse website indicated on Jan 23 that the investment fund controls 0.83% of BH Telecom. The government of the Bosnia's Federation has a 90% stake in the company, while the remainder belongs to smaller shareholders.

(c) 2012 Emerging Markets Direct Media Holdings LLC Provided by Syndigate.info an Albawaba.com company

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