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EIB finances Balkan motorways

Alex Hayes 30 April 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

BOSNIA AND HERZEGOVINA The European Investment Bank has signed two loans worth EUR 150 mln for the construction of two sections of the Corridor VC pan-European road link, connecting Budapest and Eastern Croatia to the Adriatic coast through Bosnia and Herzegovina.

The EIB has so far signed financing of nearly EUR 2.5bn for projects in Bosnia and Herzegovina and has already committed nearly EUR 700 mln of financing in the Western Balkans.

EIB Vice-President Dario Scannapieco commented: “Bosnia and Herzegovina is showing determination to continue on its path towards European integration and the EIB is ready to help with financing and advice. Today’s loans show what the Economic Resilience Initiative stands for: helping countries overcome the consequences of the migration crisis and build a better future for their citizens.”

The larger loan of EUR 100 mln will finance a new 21 km long tolled motorway to the south of Mostar, including a 2.6 km long twin tunnel and ancillary structures between Mostar South and Pocitelj.

The second EUR 50 mln loan, is for the construction of a new 2.8 km long tolled motorway section, including a 2.4 km long twin tunnel and ancillary structures between Ponirak and Vraca in the centre of the country.


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