News in English     | 19.09.2019. 17:08 |

CoMBiH – Grant funds in the amount of EUR 19 million for Corridor Vc

FENA Press release

SARAJEVO, September 19 (FENA) – BiH Council of Ministers adopted a Proposal for 19 million euros investment grant agreement between Bosnia and Herzegovina and the European Investment Bank, Corridor Vc  - construction of the Zenica north - Žepče south highway section, subdivision 4: Ponirak - Donja Gračanica, part I: Ponirak - Vraca (exit from the Zenica tunnel) - LOT 1A, at today's session.   

The project involves the construction of a new section of the 2.8 km highway, including a 2.4 km long two-lane “Zenica” tunnel, which will significantly shorten travel distance along the north-south corridor between Nemila and Zenica.

The total cost of the project is estimated at EUR 101 million, of which the EIB loan is EUR 50 million, the EBRD loan EUR 26 million, the Western Balkans Investment Fund grant EUR 19 million, to be implemented through the European Investment Bank, and others sources of financing in the amount of six million euros, the BiH Council of Ministers announced.

(FENA) A. B.

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