Bypass in Ovčar banja spa - prior to end of 2005, €6.5m worth of credit approved by EBRD

European Bank for Rehabilitation and Development approved the credit worth €6.5m, which will be used for financing of construction of bypass in Ovčar Banja spa. The contractors have been selected on the international tender in strong competition - "Intermost" company, of which founder is French company "Vinča", and Užice-based company "Putevi". These contractors formed consortium in relation 51 : 49 and agreed on realization of joint project until the end of 2005.