Companies from Republika Srpska and Serbia will, through the creation of a consortium in the sector of the metal and engineering industry, together request numerous tenders for the construction of the “South Stream” through Serbia and Republika Srpska.
This initiative was made official with the signing of a letter of intent on the establishment of an agreement which would insure a strategic relationship between the Union of Associations of Employers Republika Srpska and Serbia’s Center of Business Initiative.
If this agreement is established, new jobs will be created and the economies of the two countries can expect to prosper.
The construction of the pipeline is expected to last approximately 2 years.
The value of this project, according to the latest estimates, is one billion and 925 million euros.