EBRD to invest €700m for road improvements in Bosnia and Herzegovina

The European Bank for Reconstruction and Development (EBRD) is set to invest more than €700m for the period 2018-2020 to improve road infrastructure in Bosnia and Herzegovina.

The financial institution has signed a memorandum of understanding (MoU) with the Ministers of Transport and Communications of the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS) for expanding the country’s road infrastructure and building modern motorways.

EBRD president Suma Chakrabarti said: “After the recent breakthrough at the political level we are now ready to deliver the projects, which have been under preparation for some time and which are overdue for the future prosperity of the country.

“With these roads, Bosnia and Herzegovina will move closer to where it belongs – the centre of Europe.”

With JP Autoceste FBiH, the planned investment programme involves the development of the section of Corridor Vc from Poprikuse to Nemila, the tunnel Ivan on Corridor Vc and the section of Corridor Vc from the Mostar South interchange to Tunnel Kvanj.

The section of Corridor Vc from Karuse to the inter-entity boundary line in Tunnel Putnikovo Brdo and the section between Tunnel Ivan and Mostar South interchange also form a part of the programme.

Furthermore, the investment includes two projects with JP Autoputevi RS, the section of Corridor Vc from Rudanka to the inter-entity boundary line in Tunnel Putnikovo Brdo and the section of Corridor Vc from Vukosavlje to Podnovlje.

Federation of BiH Minister of Transport and Communications Denis Lasić said: “The signing of the memorandum reconfirms our joint goal, which is to create the preconditions for the implementation of capital infrastructure projects in BiH and to continuously and persistently work on the economic development of the country.”