January 4 (SeeNews) - Autoceste FBiH, the state-owned motorway operator of Bosnia's Federation, plans to invest some 3.6 billion marka ($2 billion/1.8 billion euro) in the construction of motorway sections, part of European transport Corridor Vc, by the end of 2024, local media reported.
The company intends to start the construction of some 85 kilometres of motorway on Corridor Vc and open for traffic 23 kilometres in 2023 and 2024, news provider Ekapija quoted Autoceste FBiH director, Elmedin Voloder, as saying on Tuesday.
The company will finance the planned construction of new motorway sections through loans and grants from the EU, Voloder added.
Corridor Vc is a pan-European transport project connecting the Adriatic port of Ploce in Croatia with the Hungarian capital Budapest. The section in Bosnia and Herzegovina is 320 kilometres long, with some 275 kilometres situated in the Federation. The Federation has so far built 126.5 kilometres of the motorway, worth a total of 2.32 billion marka. The entity plans to finish its part of Corridor Vc by 2028.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other entity is the Serb Republic.
(1 euro = 1.95583 marka)