50 Million EUR from KFAED for the Corridor 5C?

received_1113418225375799The Council of Ministers of BiH yesterday accepted the initiative by the Ministry of Finance and Treasury and appointed a delegation for negotiations on the conclusion of Credit agreement with the Kuwaiti Fund for Arab Economic Development (KFAED) for the financing of the construction of a highway at the Corridor 5C, part of the subsection Klopče-Donja Gračanica.

This 50 million EUR credit from KFAED will finance the construction of the second part of the subsection Klopče-Donja Gračanica of the highway at the Corridor 5C in BiH, in the area Sarajevo-Zenica North.

Repayment period is 20 years with a five-year grace period and allocation to the FBiH.

Vision of this subsection includes the construction of a rest areas with recreation surfaces for both directions of the highway, located at a panoramically attractive location with green areas, the Council of Ministers of BiH stated.
(Source: faktor.ba)

Leave a Comment