By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: 750 million EUR worth Agreement for 70 km of Highway signed with EBRD
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > 750 million EUR worth Agreement for 70 km of Highway signed with EBRD
BUSINESS

750 million EUR worth Agreement for 70 km of Highway signed with EBRD

Published: February 27, 2018
Share
SHARE

During the session of Prime Ministers at the Third Western Balkan Investment Summit in London, which was organized by the European Bank for Reconstruction and Development (EBRD), Chairman of the Council of Ministers of BiH Denis Zvizdic noted the importance of the EBRD as one of the largest institutional investors in BiH.

While talking about the priorities for regional projects, Chairman Zvizdic supported the organization of meetings that are aimed to increase cooperation and promotion of the region of the Western Balkans, and he also noted the importance of infrastructure projects, adding that it is necessary to realize them as soon as possible. He also noted that BiH has large potential when it comes to rich natural resources and that the economic development of both BiH and the region can be further stimulated with high-quality projects. He stated that regional countries need to define joint interests and transfer them into regional projects in the future period.

During the conference, an additional agreement in the amount of 750 million EUR for four sections of the highway on Corridor 5C in the length of about 70 kilometers was signed with the EBRD, of which 500 million for the territory of the FBiH, and 250 million for the territory of the RS, with which will be completed an important share that will connect the entire territory of BiH and thus enable new investments and a stronger flow of goods and people, as well as the economic development of BiH.

The Memorandum was signed by Minister Denis Lasic on behalf of the Ministry of Transport and Communications of the FBiH, and the main aim of the Memorandum is to identify the priority of capital infrastructure projects and to create preconditions for their realization in cooperation with the EBRD.

These signatures confirmed the common goal once again, and that is the improvement of the quality and availability of transport infrastructure in BiH, and ultimately persistent work on the economic development of our country.

Minister Lasic noted that the projects that are defined in this way will be implemented as soon as possible, and that they should have several loan agreements ready for signature very soon. This year, those should be three contracts with the total value of 190 million EUR, and in the next year, two contracts in the total amount of 275 million EUR.

The Minister also thanked the EBRD, as a great and honest friend of BiH, for years of great cooperation and all the efforts invested in the development of our country, as well as support through this kind of memorandum of understanding, as announced by the Ministry of Transport and Communications of the FBiH.

(Source: akta.ba)

The Restriction of Working Hours for all Business Entities in the Canton Sarajevo has been abolished
Over Nine Billion BAM Taxes were collected in Nine Months
Young Bosnian is making Unique Lamps and selling to European Countries
Italian Embassy to BiH announced Free of Charge Participation for BiH Companies at Business Forum in Italy
Conference ‘Jahorina Business Days 2014’ from 4 to 7 February
TAGGED:#agreement#BiH#EBRD#highway#loan#londonDenis Zvizdicthe Memorandum of Understanding
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Fascinating Shots of BH Wild Horses from the Air (Video)
Next Article Verdict to Vojislav Seselj on April 11
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

The Ministry of Foreign Affairs of Serbia reacted to BiH FM’s Decision
September 8, 2026
Alajbegovic in the Company of the World’s Greatest Talents, Nominated for the Ballon d’Or
September 8, 2026
Miss Elite BiH, Serbia and Montenegro Welcomed at Egyptian Embassy Ahead of 2026 Competition
September 8, 2026
State Prosecutor files Case against Metropolitan Metodije for glorifying Ratko Mladic
September 8, 2026
BiH FM: Military Attaché of Serbia and the Advisor of the BIA Representative have 48 Hours to leave BiH
September 8, 2026
Associations of Victims of Genocide filed Reports against the RTRS to the Prosecutor’s Office of BiH and RAK
September 8, 2026
The Death of a Man in front of a Shopping Center in Sarajevo has no Elements of a Criminal Act
September 8, 2026
Kristo with Crishock and Soreca: BiH’s European Path and institutional Stability remain Priorities
September 8, 2026
The European Day of Jewish Culture in BiH Starts; This Year’s Topic Is Love
September 8, 2026
Members of the Armed Forces of BiH continue Fire Extinguishing
September 8, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?