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SARAJEVO (Bosnia and Herzegovina), December 12 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) has signed a 5 million euro ($55.7 million) loan agreement with Bosnian town of Zivinice for the construction of a solid waste landfill, the local government said.
The construction of the landfill will cost 7.5 million euro in total, with the remaining 2.5 million euro to be granted by the Swedish International Development Cooperation Agency, the municipal government said in a press release on Wednesday.
Moreover, the EBRD will provide an additional aid of 740,000 euro for the project supervision process, tender calls and other documentation related to the loan.
The landfill in Zivinice, some 100 km north of Sarajevo, will be used by the town and the adjacent municipalities of Banovici and Kladanj.
"This is very important, as it is one out of six sanitary landfills in the country. A total of 180,000 citizens of these municipalities will benefit from this project," said Manuela Naessl, Head of EBRD's office in Bosnia and Herzegovina.
The completion deadline is 13 months.
($ = 0.897837 euro)