The deal accounts for 1.52x of the company’s consolidated trailing 12m sales.

Luka Rijeka published an announcement on the Zagreb Stock Exchange stating that they have signed a contract with Kolektor Koling for performance of works of the reconstruction of traffic areas and tracks in the area of cargo port in the Rijeka basin.

The aim of the works is to improve the efficiency of cargo management in the Rijeka basin and to enable better connection with the Tras-European Transport Network- The contracted value of the works is approx. HRK 212.2m, without VAT, while the reconstruction is planned to last until the end of 2022. To put things into a perspective, the mentioned deal accounts for 1.52x of the company’s consolidated trailing 12m sales.

The works will be co-financed from the Connecting Europe Financial Instrument (CEF).