Mandatory Licensing for all Construction and Designing Companies in Serbia

Milan Dakic, Real estate and Construction Partner of BDK Advokati, introduces the latest amendments of the Planning and Construction Act in relation to the licenses required for various types of design or construction works: The latest amendments of the Planning and Construction Act,[1] effective as of 6 November 2018, introduce the requirement for all construction and designing companies (including solo entrepreneurships) to obtain licenses for various types of design/construction works until 6 November 2019. The licensing requirement that now applies across the board previously applied to…

The Second Railway Track from Divaca to the Port of Koper

The management of the Divaca-Koper railway project has been tranferred to 2TDK, the special purpose vehicle in 100% state ownership that was incorporated based on the law governing the project. The contractors of 2TDK are currently starting with the construction of access roads to the future construction site, while 2TDK will soon start publishing new tenders, first of them for project design documents, followed by various construction and technical tenders. The second track Divaca-Koper will be built by the end of 2025, with the most intensive building dynamics between 2019 and 2023, with an…

Investment Proposal from Agria Group Holding JSC

Agria Group Holding JSC, which is a company specializing in agricultural production, grain and oil-bearing cultures’ trade, storage, processing, transportation and logistics, announced an investment proposal for the construction of Port for public transportation with regional importance for dry and liquid non-hazard bulk on the territory of Beloslav, which may be funded by the European Investment Bank.

Loans for Completion of Major Infrastructure Projects in Bulgaria

At least six major infrastructure projects (mostly in the railway sector) for over EUR 1 billion, initially financed through the EU operational programmes, will need to be completed with funding from the state budget and borrowed funds.

Amendments in the Field of Construction and Infrastructure Projects

Razvan Vlad introduces the amendments in the field of construction and infrastructure projects in Romania: The beginning of 2018 has brought certain amendments in the field of construction and infrastructure projects in Romania, by means of a new enactment that strongly impacted the professional life of contractors, who were used to the FIDIC provisions up to that point. Government Decision no. 1/10.01.2018 ( “GD no. 1/2018”), which approved the general and special conditions for certain categories of public/sectorial procurement contracts related to publicly funded investment objectives…

The Hellenic Republic Asset Development Fund’s 10 Ports

The Hellenic Republic Asset Development Fund’s (HRADF) portfolio includes 10 ports in the form of sociétés anonymes, namely the ports of Volos, Rafina, Igoumenitsa, Patras, Alexandroupolis, Heraklion, Elefsina, Lavrion, Corfu and Kavala. HRADF holds 100% of the shares in the aforementioned port companies, which have the right to operate the respective ports until 2042. The Hellenic Republic is in the process of evaluating the most appropriate approach to the development of these ports. More information is available at

Serbian Planning and Construction Act Further Revised to Promote Investments into Real Estate Development

The validity of local conditions, one of the initial and most important documents in the permitting process showing what investor can build on certain piece of land, is to be extended from one to two years. The deadline to commence work under construction permit is also to be extended from two to three years from the issuance of the permit, to allow more time for investors to raise funds. Although the proposed amendments are welcome, there is room for further improvement. Milan Dakic, partner at BDK Advokati, discussed the remaining pitfalls of the Planning and Construction Act in the June edition…

The Great Istanbul Tunnel Project

The three-level subsea tunnel under Istanbul’s Bosphorus Strait will connect the city’s two sides (European and Anatolian) with one railway and two highways. Trains will pass through a tube in the middle, while tubes below and above will be for vehicular transit. The tunnel will be integrated into nine subway lines, the TEM Motorway, the E-5 Motorway and the Northern Marmara Motorway. Around 6.5 million passengers are expected to use the tunnel on a daily basis once it is completed in the next five years.

Halkali - Kapikule Railway Line Project

This railway project will connect North Sea, the Baltic Sea, the Mediterranean and the Black Sea. Thus, Turkey’s long lasted reputation of being a junction between East and West in the transport sector is planned to be strengthen with this project. It aims not only to connect but also to reduce carbon emissions and make electrically-driven railways. The tender process for the consultancy for the project has started. The construction works are be tendered by the end of 2018.