Business

Hidroelektra Niskogradnja Clinches Contracts Worth Over 98 Million Euro

By 5 July 2016

The contracted work is the water drainage system in Petrinja and the reconstruction of the railroad between Dugo Selo and Križevci

The Hidroelektra Niskogradnja company reported on Tuesday it has begun work on the reconstruction and upgrade of the water drainage system of the Petrinja agglomeration, total value at 27.3 million Euro, while also entering into a contract with Zagreb-Montaža valued at 62.6 million Euro, VAT not included, Poslovni Dnevnik wrote on July 5, 2016.

Per the company’s announcement via the Zagreb Stock Exchange, the time limit began on July 1 for the Petrinja project, with the deadline on August 20, 2018. This project is co-financed with non-refundable EU funds and its completion will secure better health and living conditions for the residents in the area.

The contract with Zagreb-Montaža entails the reconstruction of the existing and construction of a new track of the railway between Dugo Selo and Križevci. The deadline is February 27, 2020.

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