June 21 (SeeNews) - Bosnia's Serb Republic said it plans to take a 150 million euro ($170 million) loan from the European Bank for Reconstruction and Development (EBRD) to finance construction works on Corridor Vc.
The proposal for withdrawing the loan was approved by the Republic's government on Thursday and was sent for endorsement to the entity's parliament, the government said in a statement after its regular cabinet meeting.
The proceeds from the loan will finance the construction of the Doboj bypass, and in particular the 6 km section from the Rudanka bridge to the end of the Putnikovo Brdo 2 tunnel, on the inter-entity border between the Republic and the Federation - the two autonomous entities that make up Bosnia.
The project includes a bridge on the Bosna river, two tunnels and a viaduct, the statement said.
In December 2017, the EBRD signed a 70 million euro loan agreement with the Republic's motorway operator Autoputevi RS for the Corridor Vc project.
Corridor Vc has a total length of 700 km and connects the port of Ploce in Croatia with Budapest in Hungary via Bosnia and Herzegovina. Its length in the latter is some 340 km with the best part of it lying in the Federation.
($=0.8847 euro)