Thursday, 13 December 2018 | News today: 23

Construction of underground road, business-housing complex begins in Skopje

The construction sector is expected to make strides in the coming years, through infrastructure projects and capital investments. Such investment is the one by Turkish company Limak, which has officially launched the construction of an underground road and a business-housing complex in downtown Skopje.

Vice Premier for Economic Affairs Koco Angjusev addressed the event, also attended by Prime Minister Zoran Zaev, Skopje Mayor Petre Silegov and the Limak management.

“The EUR 250 million investment is to be realized in the coming 40 months. This will significantly affect the country’s GDP growth,” said Vice Premier Angjusev.

The project encompasses a business-housing complex, mall, hotel, parking lot. The existing 800m-long boulevard will be transferred underground, shortening travel times from municipalities of Karpos and Centar to Aerodrom and Kisela Voda.

The investor promised engineering with high standards, authentically fitting the Museum of the City of Skopje in the project.

“This is our first project in Macedonia, a country where we feel at home. We are always searching for possibilities to invest here, because we believe in the qualified workforce and economic trends,” said Limak board member Serdar Bacaksiz.

PM Zaev said Limak’s presence in Macedonia would stimulate investors to come to the country.

“Turkey is a great friend of Macedonia and among its top ten trading partners. Trade exchange in 2017 amounted to USD 450 million but our objective is to reach USD 1 billion,” added Zaev.

Limak is scheduled to complete the underground road in 22 months and the entire complex in 40 months.

Mayor Silegov said the project would revitalize the area and thanked the previous city authorities for the idea.

“This project was in preparation when I assumed the post, but we have managed to launch the construction works after about five months of intensive cooperation,” underlined Silegov.