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BOSNIA TO GET 480 MILLION EUROS LOAN FOR CONSTRUCTION OF CORRIDOR 5C HIGHWAY

Posted on September 11, 2008 by Bosnjaci.Net

A delegation of the Bosnian Ministry of Transport and and Communications helmed by Minister Bozo Ljubic will be at the London headquarters of the European Bank for Reconstruction and Development (EBRD) on September 11 and 12. The purpose of this visit will be to discuss funding for four legs of the corridor 5c highway.

The EBRD and the European Investment Bank will fund the building of 65km of the highway, the ministry has announced. Bosnia will be given a loan in the amount of 480 million Euros, and 180 million Euros of that will be provided by the EBRD. Signatures on the loan agreement are expected by the end of this year.

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