China’s Sinohydro demands funds for Kicevo-Ohrid road in Macedonia

The Chinese construction firm Sinohydro has demanded additional EUR143m for the construction of the Kicevo-Ohrid motorway in western Macedonia and has set new conditions, unfavorable for Macedonian subcontractors, Deputy PM for economic affairs Koco Angjusev told local media. He also said that the new demands have put the government in a disadvantaged position, from which it will have to decide whether to extend the contract with Sinohydro with the new conditions or terminate it. Construction of the 56-km long motorway began in 2014 and was supposed to be completed in February this year. However, works have been delayed for another three years due to faulty calculations, specific terrains and omissions. Some EUR411m have been spent on the construction of the motorway so far, which is over 10% of the initial estimated value of the project.

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