Case SA.48472 | Amended Concession Agreement relating to the Istrian Y motorway

Summary:

The European Commission announced on 14 June 2018 the decision to approve a plan from Croatia to prolong the Istrian Y motorway concession agreement between the country and the company Bina-Istra.

Further information:

The Istrian Y motorway is a 145 km long motorway linking the Istrian region with the rest of Croatia. The motorway is operated under a concession from 1995, which was awarded to the company Bina-Istra until 2027. In March 2018, Croatia notified to the European Commission a prolongation of the concession agreement until 2032.

The decision allows €165 million of investment to go ahead in the region, while limiting distortions of competition.

• Primary Source

European Commission: Press Release, 14.06.18: Commission approves €165 million of investments by Croatia for the extension of the Istrian Y motorway http://europa.eu/rapid/press-release_IP-18-4156_en.htm

Total Croatia News, 16.06.18: Door Opened for Massive Investment in Important Croatian Road https://www.total-croatia-news.com/business/29126-door-opened-for-massive-investment-in-important-croatian-road

---