The European Bank of Reconstruction and Development (EBRD) has signed a €210 million loan agreement with the government of Bosnia and Herzegovina, to fund a new phase of the country’s largest road project.
When completed, the Corridor Vc motorway will run from the port of Ploce in the south of the country, to its northern border with Croatia.
Work on the road has so far cost €1.1 billion; the entire project – with completion expected by 2030 – will cost around €4 billion.
Ultimately, the road will become an extension of the European Union’s Trans-European Transport Networks (TEN-T).
At the signing, EBRD president Suma Chakrabarti said, “Connecting Bosnia and Herzegovina with the region and the wider outside world by creating the physical infrastructure, but also by supporting the adoption of European standards and regulations, is a priority for the country as well as for its international supporters.
“The EBRD stands by Bosnia and Herzegovina as the country undertakes serious efforts to build a more prosperous economy for its entire population.”