Corridor X awaits third contractor - Contract with Bulgarian company terminated

A contract between Koridori Srbija and Bulgaria's Trace Group Hold, which was hired to build the bypass around Dimitrovgrad on the eastern leg of Corridor X, is going to be terminated Thursday, the daily Novosti reports.

This company from Bulgaria has almost done nothing since it took over the job 15 months ago, finishing only about 10% of the work on this stretch of Corridor X. Namely, Trace Group Hold was supposed to build 5.8 kilometers of highway and seven bridges ranging in length from 20 to 500 meters along the route of the bypass around Dimitrovgrad, at the very border with Bulgaria.

Trace Group Hold has so far obtained over EUR 3 million to carry out the works, and people at Koridori Srbije underline that the bank guarantee will be cashed and possible damages compensated for in line with contract terms and international standards for the collection of bank guarantees.

The contract with Trace Group Hold was signed June 2014. The company was given 450 days to finish the work valued at RSD 2.2 billion. They were chosen as the most favorable bidder out of the total of six interested companies that participated in an open international tender.

Koridori Srbije d.o.o. Beograd

TRACE GROUP HOLD PLC OGRANAK BEOGRAD

Svetska Banka-WB Beograd

ALPINE Bau GmbH Wals bei Salzburg

Trace Group Hold

Corridor X

bypass around Dimitrovgrad

World Bank

Alpine Bau Gmbh