- By country
- By industry
- By topic
- Top 100
BANJA LUKA (Bosnia and Herzegovina), July 4 (SeeNews) - The mayor of Bosnia's Banja Luka city has signed a letter of intent with the European Bank for Reconstruction and Development (EBRD) for a loan of 8 million marka ($4.6 million/4.1 million euro), the city council said.
The loan will be used to finance the construction of water supply and sewage networks, the city council said in a statement on Wednesday.
The construction works will further expand the Crno Vrelo water supply system intended to provide water to some 20,000 consumers living in the outskirts of Banja Luka and Prijedor. Three subsystems of Crno Vrelo will be built with financing from the EBRD loan.
Banja Luka mayor Igor Radojicic said that this loan will help the city continue with other unfinished projects for water supply.
He added that he talked to EBRD representatives about securing additional, non-refundable means for financing water supply and sewage network projects, as well as about the bank's support for the pilot project for the future wastewater treatment system.
Banja Luka is the biggest city in the Serb Republic, one of two entities forming Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)