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Bosnia's Gorazde seeks 10.2 mln euro from World Bank for coastal management projects

Bosnia's Gorazde seeks 10.2 mln euro from World Bank for coastal management projects Source: minsvyaz.ru

SARAJEVO (Bosnia and Herzegovina), October 18 (SeeNews) - The Bosnian city of Gorazde said it has applied for a 20 million marka ($11.4 million/10.2 million euro) loan from the World Bank for four coastal management projects at locations along the Drina river basin. 

The first project includes the arrangement of the river bed of the Podhranjenski spring, which flows into the river Drina, while the second project includes the coastal management between two Drina bridges in the city centre, Gorazde's municipal government said in a press release on Wednesday. 

The third project envisages the management of the river coast between the Alija Izetbegovic bridge in the city centre and the Bacanski bridge, some 2 kilometres south of the city centre, the statement said.

Finally, the fourth project includes arranging the river coast from the Bacanski bridge to the Vitkovici bridge, some 5 kilometres south of the city centre.

Gorazde has already launched projects worth 10.5 million marka, also financed by the World Bank, concerning the construction and arrangement of a Drina river embankment in the city. The projects aim to improve Gorazde's flood protection, following the massive 2010 floods in the city, whose damage is still being repaired. 

Gorazde is a town in Bosnia's Federation, one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Serb Republic. 

(1 euro = 195583 marka) 

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