Business News

SCT Strikes Deals in Serbia Worth EUR 31M

Ljubljana, 03 February (STA) - Following the news that the insolvent Slovenian construction giant SCT has lost a second motorway contract in Bosnia-Herzegovina, the company said on Thursday it has struck several new deals in Serbia worth a total of EUR 31m.

Subsidiary SCT&CG Montaza from Belgrade will build a 72,400 sq metre sport and recreational centre in Belgrade's municipality of Vozdovac, which will include a soccer field on the roof of the building. The deal is worth EUR 22m.

SCT&CG Montaza will also construct a logistics centre of the Serbian national postal company in Zemun and business premises for Germany's Norma Group in Subotica, while subsidiary SCT Ogranak will build a shopping mall called Plaza Center in Kragujevac. The three deals are worth a total of EUR 9m.

The news comes after a report in business daily Finance on Wednesday that the motorway company of the Federation of Bosnia-Herzegovina had cancelled a EUR 54.6m deal with SCT for the construction of a tunnel at Vijenac.

Only two weeks earlier, Croatian media reported that SCT had been stripped of a contract for the construction of a section of the Sarajevo bypass worth EUR EUR 56.7m as work there had been at a standstill for months.

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