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Oct 31, 2017 15:56 EEST
SARAJEVO (Bosnia and Herzegovina), October 31 (SeeNews) – Bosnia's Federation parliament said it has given the green light to the conclusion of a 25 million euro ($29.1 million) loan deal with the EBRD to finance the reconstruction of the water supply network in the Bosnian capital.
The proceeds of the sovereign loan, to be provided to the Sarajevo Canton Water and Wastewater Company, will finance investments to reduce water losses in the network and improve the quality of services provided by the water utility company, the EBRD said earlier.
The house of representatives in the Federation parliament also approved the conclusion of several other loan agreements with the EBRD for water supply projects throughout the Federation during Monday's session streamed on the parliament's website.
Sarajevo has been suffering from water shortages for years.
Since the beginning of its operations in Bosnia and Herzegovina, the EBRD has invested more than 1.8 billion euro in over 130 projects in the country.
Bosnia is made up of two entities, the Federation and the Serb Republic.
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