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BOSNIA LIKELY TO INVITE POTENTIAL CONCESSIONAIRES FOR HIGHWAY

SARAJEVO, Oct 28 (Hina) - Bosnia-Herzegovina's Council of Ministers will publicly invite potential concession-holders that would like to take part in the construction of a section of the European Vc corridor passing through Bosnia-Herzegovina, Bosnian Transport Minister Branko Dokic said on Tuesday.
SARAJEVO, Oct 28 (Hina) - Bosnia-Herzegovina's Council of Ministers will publicly invite potential concession-holders that would like to take part in the construction of a section of the European Vc corridor passing through Bosnia-Herzegovina, Bosnian Transport Minister Branko Dokic said on Tuesday. #L# Dokic, who held a news conference in Sarajevo, recalled that the private company Bosmal had still time until 23 November to present bank guarantees for the sum of 300 million euros, necessary for the elaboration of project documentation and settlement of ownership issues. The minister relayed the council's opinion that so far Bosmal had not offered evidence that it possessed the necessary funds. In those circumstances, the council can only ask potential concession-holders to send letters of interest, while the invitation for bids can be announced only after the project documentation has been elaborated, the minister explained. This August the Croatian government sent a letter of intent to Sarajevo, announcing that it would like to financially help the elaboration of the said documentation. Dokic told reporters that in any case a decision on the highway through Bosnia as part of the Vc corridor could not be made before the Bosnian parliament appointed a commission for granting concessions, which was likely to happen by the end of this year. (hina) ms sb

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