News in English     | 16.10.2019. 10:25 |

BiHCoM–Sarajevo getting EUR 15 million loan for development of public transport

FENA Press release

SARAJEVO, October 16 (FENA) - BiH Council of Ministers held an extraordinary telephone session yesterday and determined Loan Proposal Agreement between Bosnia and Herzegovina and the European Bank for Reconstruction and Development (GrCF2 W2) for the implementation of the project “Sarajevo Public Transport” worth EUR 15 million.  

Funds will be used for procurement of new electric trolleybuses and spare parts in order to improve the development of public transport infrastructure in Sarajevo, which will increase the capacity and efficiency of public transport services and protect the environment. The Project is expected to be completed by December 31, 2021.

The repayment period of this loan is 15 years, with a two-year grace period.

The Proposal Agreement with grounds for its conclusion will be submitted to the BiH Presidency, and BiH Minister of Finance and Treasury is proposed as the BiH signatory.

(FENA) A. B.

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