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Bosnia agrees 210 mln euro EBRD financing for Corridor Vc project - Serb Republic PM

Author Radomir Ralev
Bosnia agrees 210 mln euro EBRD financing for Corridor Vc project - Serb Republic PM Source: EBRD.

SARAJEVO (Bosnia and Herzegovina), May 8 (SeeNews) - Bosnia has agreed 210 million euro ($235.2 million) financing from the European Bank for Reconstruction and Development (EBRD) for the construction of bypass road in Doboj, the prime minister of the Serb Republic entity said on Wednesday. 

"A total of 150 million euro will be lent to the Serb Republic and 60 million euro to Bosnia's Federation," , Radovan Viskovic told reporters on the sidelines of the EBRD 2019 Annual Meeting and Business Forum in Sarajevo. 

The Serb Republic government has also presented to the EBRD a set of projects it hopes to execute with the support of the lender, Viskovic said.

"The Serb Republic intends to build renewable energy facilities with a combined capacity of 1,000 MW and I hope that there will be financing for them. The EBRD is interested in financing projects in the field of green energy."

The Doboj bypass project is part of Corridor Vc, a branch of European transport Corridor V with a total length of 700 km that will connect Hungary and eastern Croatia to Bosnia and Herzegovina and the Adriatic Sea.

Doboj, located in the Serb Republic, is a city and municipality bordering the Federation.

The Serb Republic and the Federation are the two entities that form Bosnia and Herzegovina.

($ = 0.892766 euro)

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