Deals Counterparts

Construction of Medakovo – Ozimice section of Corridor Vc, including Crni Vrh tunnel, in Bosnia and Herzegovina

Development Transport announced Bosnia and Herzegovina Mar 12, 2026
USD361.8M
Deal Value

Cengiz Insaat secured a €250 million contract for the 10km Medakovo – Ozimice section of Corridor Vc in Bosnia and Herzegovina, including the Crni Vrh tunnel. Autoceste FBiH, the state-owned motorway company, awarded the mandate, signaling continued public investment in critical infrastructure development. This project significantly advances Corridor Vc, a key European transport artery, improving Bosnia and Herzegovina's regional connectivity and trade routes.

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Counterparts (6)

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Deal Analysis

The €250 million contract awarded to Cengiz Insaat for the 10km Medakovo – Ozimice section of Corridor Vc confirms Bosnia and Herzegovina's commitment to enhancing its regional transport capabilities. This development project, announced on March 12, 2026, directly targets a critical European transport artery, aiming to improve the nation's connectivity and trade routes. The inclusion of the Crni Vrh tunnel within this 10km stretch suggests a complex engineering undertaking, likely addressing challenging terrain to ensure seamless integration into the broader motorway network. Public investment from Autoceste FBiH, the state-owned motorway company, drives this initiative, signaling a continued focus on modernizing core infrastructure assets within the Federation of Bosnia and Herzegovina. This specific section's advancement is crucial for unlocking economic benefits across the region, facilitating smoother movement of goods and people. The selection of Cengiz Insaat, a Turkish diversified conglomerate ranked #44 on ENR's 2023 Top 250 Global Contractors with $3.4 billion in international revenue, demonstrates the reliance on experienced international players for complex infrastructure projects in Bosnia and Herzegovina. This mandate from JP Autoceste FBiH, the public company responsible for motorway development in the Federation of Bosnia and Herzegovina, leverages significant financial backing from the European Investment Bank (EIB), which provides over €65 billion in annual financing, and the European Union, with its collective GDP exceeding €17 trillion. Turkish engineering firm Yuksel PROJE A.S., boasting over 50 years of experience in large-scale transportation projects, and local advisor Trasa d.o.o. Sarajevo, specializing in Bosnian road infrastructure, provide critical advisory support. This combination of robust international financing and proven construction expertise is typical for large-scale transport development in emerging European markets, ensuring project viability and technical execution for a key regional artery.
  • Cengiz Insaat, ranked #44 on ENR's 2023 Top 250 Global Contractors, secured the €250 million contract.
  • The European Investment Bank (EIB) provides over €65 billion in annual financing, supporting this project.
  • The European Union, with a collective GDP exceeding €17 trillion, acts as a co-lender for the development.
  • The 10km section of Corridor Vc includes the complex Crni Vrh tunnel.
  • Cengiz Insaat reported $3.4 billion in international revenue in 2023.
  • Yuksel PROJE A.S. brings over 50 years of engineering experience to the advisory role.

Timeline

Announced
Mar 12, 2026
Signed
Closed

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