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Bosnia's Serb Republic approves plans for 150 mln euro EBRD loan for Corridor Vc

Author Iskra Pavlova
Bosnia's Serb Republic approves plans for 150 mln euro EBRD loan for Corridor Vc Photo: All Rights Reserved

BANJA LUKA (Bosnia and Herzegovina), July 17 (SeeNews) - The parliament of Bosnia's Serb Republic said it approved a government decision to take a 150 million euro ($168 million) loan from the European Bank for Reconstruction and Development (EBRD) to finance construction works on Corridor Vc.

The decision was voted in by the parliament on Tuesday, the Republic's assembly said in a statement on its website.

The proceeds from the loan will finance the construction of the Doboj bypass, and in particular a 6 km section from the Rudanka bridge to the end of the Putnikovo Brdo 2 tunnel, on the inter-entity border between the Republic and the Federation - the two autonomous entities that make up Bosnia, the statement said.

The project includes the construction of a bridge on the Bosna river, two tunnels and a viaduct, it added.

In December 2017, the EBRD signed a 70 million euro loan agreement with the Republic's motorway operator Autoputevi RS for the Corridor Vc project.

Corridor Vc has a total length of 700 km and connects the port of Ploce in Croatia with Budapest in Hungary via Bosnia and Herzegovina. Its length in the latter is some 340 km with the best part of it lying in the Federation.

($=0.8916 euro)

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