EBRD Finances Motorway Construction in Bosnia and Herzegovina
BalkanTravellers.com
The motorway, which is to be a first in Republika Srpska, links the entity’s capital with the international transport corridor X, and it is also financially supported by the European Investment Bank. In addition, the project is co-financed by 5 million euro in grant funds provided by the European Commission through its pre-accession programme, and 0.5 million euro from the Central European Initiative and the Western Balkans Investment Framework.
The project includes the construction of a 1.8 kilometres new two-lane motorway, four interchange two-lane slip roads, with a total length of 6.9 kilometres, two viaducts, which carry two of the slip roads over the new motorway, and four other bridges within the interchange.
“This investment represents a continuation of the EBRD’s commitment to help Bosnia and Herzegovina modernise its transport network, which is crucial for supporting the economic growth in the region. The project will promote further reform in the infrastructure sector, helping to attract private investors. Upon its completion, the new motorway will considerably reduce the current level of heavy traffic on existing routes,” said Sue Barrett Director for Transport at the EBRD told international media.
To date, according to media reports, the EBRD has invested more than 328 million euro in the road sector in Bosnia and Herzegovina, and over 1 billion euro overall in the country.
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