EIB: 65 mln for roads in Bosnia and Herzegovina
Luxembourg, Luxemburg – The European Investment Bank is providing EUR 65 million for the motorway section between Banja Luka and Gradiska and for a new bridge over the Sava River. The 29 km-long four-lane motorway will allow to directly access Corridor X, a major European motorway axis. The new road link will help to revitalise the countryâ€™s economy and deepen regional integration by facilitating flows of goods and passengers between Central Europe and the Adriatic Sea.
The EIB 25-year loan will complement budgetary funds, EBRD financing (EUR 30 million) and a grant from the Italian Trust Fund for Transport (EUR 400 thousand).
The project is expected to be completed by end 2010.