News in English     | 10.12.2020. 11:35 |

Loan of 30 million euros for integrated management of Sava/Drina river corridors

FENA Press release

SARAJEVO, December 10 (FENA) - Minister of Finance and Treasury of Bosnia and Herzegovina Vjekoslav Bevanda signed today a loan agreement worth 30 million euros intended for integrated management of the Sava and Drina river corridors with the head of the World Bank Office in BiH Emanuel Salinas.

In that way, the International Bank for Reconstruction and Development supported the Program of Integrated Development of the Sava and Drina River Corridors, which will be implemented in three phases, and is of a regional character because it includes the territory of Montenegro and Serbia along with BiH.

Minister Bevanda emphasized that this is an important and complex project aimed at environmental protection, but also flood protection and improvement of the waterway by demining the right bank of the Sava River corridor, the Ministry of Finance and Treasury of BiH announced.

“The importance of that project is also in the regional cooperation that we need in this segment, which we saw best when there were floods. We must turn to environmental protection and investments in our natural potentials,” said Minister Bevanda.

Under the terms of the Loan Agreement, 30 million euros will be allocated to Republika Srpska with a repayment period of 32 years and a seven-year grace period.

Minister Bevanda expressed his gratitude to the World Bank, which provides support in consulting and financing projects that contribute to a better quality of life for the citizens of BiH.

The contract was signed correspondently, without the usual ceremonies, due to epidemiological measures taken to prevent the spread of the Covid-19 pandemic.

(FENA) L. N.

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