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)

Novalic-Milicevic: The Number of Infected is stagnant, Measures are yielding Results
Republika Srpska Entity plans to sell Treasury Bills in Amount of 20 Million BAM
Mine “Đurđevik” Will Soon Get A New Pit “Višća”
Success: Approximately 150 People visiting the National Museum daily
Despite the Formed Case by the Prosecutor’s Office of BiH: “Day of Russian Volunteer Fighters” marked
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 Dragons are traveling to Seattle Today, looking for a Place in the Knockout Phase of the World Cup against Qatar
June 23, 2026
RRA: The Delay in the Adoption of Laws affects legal Certainty and the Work of the Regulator
June 23, 2026
SDA: Islamophobic and Offensive Remarks by Israeli Minister Part of Propaganda Pressure on Bosniaks
June 23, 2026
France Celebrates Scientific Talents and Its Network of Alumni in BiH
June 23, 2026
BiH National Team to play decisive Match at a very specific Stadium
June 23, 2026
Another Case of Domestic Violence in Gracanica
June 23, 2026
Member of BiH Presidency meets Israeli Prime Minister
June 23, 2026
The City of Mostar declares a State of Emergency over the Fire at the Uborak Landfill
June 23, 2026
A high-level Conference “30 Years of Peace and the Future of Multilateralism” held in Sarajevo
June 23, 2026
Vlaski and Alijagic Shine as 10th Vucko Trail Draws Global Field to Bosnia and Herzegovina
June 23, 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?