SIGNED
ZAGREB, 18 Sept (Hina) - An agreement on changes to the agreement
on the concession to build a motorway along the Adriatic coast in
Istria (the so-called Istria Y) was signed in the Ministry of
Traffic in Zagreb on Thursday.
The signed agreement secures the inflow of capital needed
for the construction of a 35.5-km-long section of Istria Y and
the beginning of construction.
The concession to build the 141.4-km-long motorway through
Istria to the Croatian-Slovene border on the river Dragonja was
granted in 1995 to the company 'Bina-Istra'.
'Bina-Istra' d.d. general director Arnaud de la Chaise
announced at the signing ceremony that construction works on the
first section of the motorway Bale-Vodnjan would start in
November.
A DM-230,000 loan for the construction of the first section
will be secured by one of the largest Swiss banks - Union Bank of
Switzerland (UBS) and four Croatian banks.
(hina) jn rm
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