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EBDR mulls lending Bosnia 210 mln euro ($237 mln) for Corridor Vc construction

EBDR mulls lending Bosnia 210 mln euro ($237 mln) for Corridor Vc construction Pocitelj Bridge Corridor Vc Author: JP Autoceste FBiH Licence: All Rights Reserved

SARAJEVO (Bosnia and Herzegovina), February 19 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) is considering providing two loans worth a combined 210 million euro ($237 million) to Bosnia for the construction of a section of Corridor Vc motorway, it said in a notice.

The bank is considering providing one loan of 60 million euro to the motorways operator of the Federation of Bosnia and Herzegovina, and another one of 150 million euro to the motorway company of the Serb Republic, as they will be backed-up by a sovereign guarantee, EBRD said in a notice published on its website.

The funds will be used to finance the construction of a 14 km section between a bridge over the river Bosnia, south of the Rudanka interchange in the Serb Republic in the north, to the Doboj bypass. The section runs 6 km on the territory of the Serb Republic, while the rest is in the Federation of Bosnia and Herzegovina.

Corridor Vc is a branch of the fifth Pan-European corridor and with a total length of 700 km will connect Hungary and eastern Croatia to Bosnia and Herzegovina and the Adriatic Sea.

(1 euro = $1.12932)

 

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