BIH AND EBRD SIGN LOAN AGREEMENT FOR SARAJEVO CITY ROADS PROJECT

The Minister of Finance and Treasury of B&H Dragan Vrankić and the Head of the EBRD Office in BiH Giulio Moreno signed in Sarajevo an agreement on loan for the Sarajevo City Roads Project worth 16.5 million euros, with 15 years payback period. 

The Minister of Finance and Treasury of B&H Dragan Vrankić and the Head of the EBRD Office in BiH Giulio Moreno signed in Sarajevo an agreement on loan for the Sarajevo City Roads Project worth 16.5 million euros, with 15 years payback period.

The loan will help the Sarajevo Canton Roads Directorate finance the works on sections of the 12th Transversal Road (0.9 km) and Southern Longitudinal Road (2.4 km).

The road development project will help relieve traffic congestion, reduce emissions and noise, thus improving the living conditions in the area, and improve the accessibility of Sarajevo.

The project completion is expected by the end of 2014.

Since the beginning of its operations in Bosnia and Herzegovina, the Bank has committed over €1.3 billion in various sectors of the country’s economy, mobilising additional investment of over €1.5 billion.