The Bosnian Serb Republic government awarded on Tuesday a 30-year limestone exploitation concession to Spain’s builder Aricam which plans to invest EUR19m (US$250m) in a new cement plant.
Limestone from the quarry located in northwestern Bosnia will serve as the main raw material for the first cement plant in the Bosnian Serb region. Construction is due to start in 2011.
"The start of the cement production is planned for 2014. The plant will have an output of 1.2Mta and will employ around 600 people," said Aricam General Manager Emilio Izquierdo Jimenez.