News in English     | 29.07.2020. 15:24 |

EUR 10 million from EU and EBRD for the energy efficiency project in Sarajevo

FENA Press release

SARAJEVO, July 29 (FENA) - Minister of Finance and Treasury Vjekoslav Bevanda and a representative of the European Bank for Reconstruction and Development (EBRD) Josip Polić signed today agreements on a loan and a grant from the European Union worth a total of 10 million euros for the energy efficiency project in Sarajevo.

A two-million-euro grant agreement and the eight-million-euro loan agreement were signed by correspondence, without the usual ceremonies, due the Covid-19 pandemic.

The funds provided after the signing of these two agreements will be allocated for the insulation of 40 buildings in the Sarajevo Canton, mostly kindergartens, schools, hospitals and other facilities of public interest.

After the signing of the agreement, Bevanda emphasized that the grant in the amount of two million euros, which was provided from the Regional Energy Efficiency Program for the Western Balkans, was extremely important, and that the terms of the EBRD loan agreement in the amount of eight million euros were favorable.

The holder of this project is the Ministry of Physical Planning, Construction and Environmental Protection of the Sarajevo Canton, and it is expected to be completed by October 20, 2023, the Ministry of Finance and Treasury of BiH stated.

(FENA) S. R.

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