JV “Trace Mostovik” with a leading partner Trace Group Hold and a partner the Russian company Mostovik signed a RSD 3.8bn contract (BGN 67.7m) in Serbia. The contract is for construction of Lot 2 of highway E75 and it is financed by the European Investment Bank, EBRD, the World bank and the country’s budget. The term for completion of the project is 720 days starting on 15 May.