infrastructure investment

Serbia Advances Hungary Oil Pipeline Project as Supply Diversification Questions Remain

Serbia has moved its planned crude-oil pipeline to Hungary closer to construction after state operator Transnafta awarded a long-delayed construction-supervision contract worth about €3.9 million. The contract went to a consortium led by SGS and Project Biro Utiber following a procurement procedure affected by bidder appeals. The main construction contract, valued at approximately €124 million, has already been awarded to a consortium led by MVM Južna Bačka, while Serbia has approved sovereign support for financing of roughly the same amount.…