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21. June 2002 |
Contract on concession for Belgrade - Novi Sad highway terminated
BELGRADE - The Serbian government on Thursday decided to terminate a
concession contract on the Belgrade-Novi Sad highway with the Rast consortium,
Serbian Minister of Transport and Telecommunications Marija Raseta-Vukosavljevic
said.
She said that this was due to a lack of observation of the agreed pace
of construction, concession fees and provision of guarantees for the
financing of the highway.
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