Six commercial banks issue binding offers to co-finance the second track between Divača and Koper.
According to media writings, six commercial banks responded with binding offers to co-finance the second track between Divača and Koper after the project company 2TDK invited 15 banks to submit their offers back in April. The maturity of the loan offer submitted ranges between 20 and 30 years. However, the names of the banks have not been revealed.
As a reminder, the project itself is expected to be finalized by 2026, however certain delays have already occurred. To aid the financing of the project, the Port of Koper pays a monthly fee of EUR 0.5m. Note that the project is of vital importance for the port of Koper as it would significantly boost the port’s throughput capacities, since the existing single-track Koper – Divača line is the only railway connection between the port and the hinterland. The line was constructed in the early 1960’s following the development of the port and is currently used for both freight and passenger transport. Due to the lack of systematic modernisation of the railway and increasing freight, maintenance costs of the railway line are significant.
In May, the Belgrade Stock Exchange observed an average daily turnover of EUR 0.47m.
The Belgrade Stock Exchange reported a turnover of EUR 9.9m in May 2019 (when observing solely equity), which represents an increase of 145% YoY. This would translate to an average daily turnover of EUR 0.47m.
In May, the most traded share was NIS (EUR 1.4m), which observed a decrease of 1.9%. Alfa plam follows with EUR 1m, observing a decrease of 1.57%. Further, Messer Tehnogas observed turnover of EUR 0.54m, observing an increase of 2.23%
When observing gainers of the BELEX 15 index, Impol Seval observed the highest increase of 2.40%, followed by Messer Tehnogas (+2.23%). Next comes Energoprojekt holding which observed an increase of 2.12%.
Turning our attention to BELEX15, the index observed a decrease of 1.44%, after increasing for two consecutive months. As a reminder, in March and April, the index observed an increase of 6.2% and 1.5%, respectively.
To put things into a perspective, both deals would account for 11% of the company’s 2018 consolidated revenues.
Energoprojekt published documents stating that they have concluded two separate deals which are combined worth EUR 21m.
One deal was concluded between consortium (consisting out of Energoprojekt Niskogradnja and a French firm called Coals Rail) and the city of Belgrade. The deal is related to road work in Belgrade, whose total value is EUR 20m. Note that the deadline for the execution of deal is 200 days.
The other deal was concluded between consortium (consisting out of Energoprojekt Niskogradnja and Renaissance N77) and the city of Belgrade. The deal is related to road paving in Belgrade, whose total value EUR 1m. Note that the deadline for the execution of the mentioned deal is 120 days.
To put things into a perspective, both deals would account for 11% of the company’s 2018 consolidated revenues.