By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo 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: EU allocates Fifteen Million Euros for Construction of New Section of Corridor 5C
Share
Aa
Sarajevo Times
Aa
  • 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 > BH & EU > EU allocates Fifteen Million Euros for Construction of New Section of Corridor 5C
BH & EU

EU allocates Fifteen Million Euros for Construction of New Section of Corridor 5C

August 2, 2019
Share
SHARE

The agreement on the European Union grant of €15 million was signed today to co-finance the new section of Corridor Vc between Johovac and Rudanka, near Doboj, between Bosnia and Herzegovina and the European Bank for Reconstruction and Development (EBRD).

With this new section of Corridor Vc between Johovac and Rudanka with an approximate length of 6.1 km and two interchanges the completion of Bosnia and Herzegovina’s main transport corridor is coming a step closer. The EU grant worth €15 million will be channelled through the Western Balkans Investment Framework (WBIF) and will complement a loan by the EBRD of up to €70 million.

Head of the Delegation of the European Union and EU Special Representative in Bosnia and Herzegovina Ambassador Lars-Gunnar Wigemark said: “This €15 million grant is one out of 11 projects funded by the European Union in Bosnia and Herzegovina as part of the Connectivity Agenda with a total of €217 million approved for BiH so far. At the recently held Western Balkans 6 Summit in Poznan, Poland, the EU endorsed a new Connectivity package that fulfils our € 1 billion pledge to the Western Balkans. BiH is a large recipient of these grants.  Four of out of twelve new projects approved in Pozan are in BiH. These grants will be leveraging additional investments to build infrastructure to the benefit of citizens and the economy“.

Corridor Vc is the main international transport corridor in Bosnia and Herzegovina, which support economic development and contribute to regional integration by improving connectivity within Bosnia and Herzegovina and with its neighbouring countries.

Ian Brown, Head of EBRD Office in Bosnia and Herzegovina, said: “We are pleased to sign this agreement today which illustrates the good progress that is being made with the construction of Corridor Vc. We are confident that establishing better links within the country and connecting it better with Europe will serve the cause of deeper integration, and not only economically.”

The new motorway section will connect to the Banja Luka – Doboj motorway and complement other current and planned investments in the northern and southern parts of Corridor Vc in Bosnia and Herzegovina. It will improve travel conditions, reduce congestion and provide local employment during the construction phase. The new motorway will also improve road safety as it will reduce the heavy traffic that currently passes through the town of Doboj and local villages.

„Such agreements help boost local companies, create new jobs, and eventually enable us to move towards the EU in terms of transport links. As a result, we will have new motorways, bridges and faster links with the rest of the world, and all this will result in further economic growth,” said Vjekoslav Bevanda, Minister of Finance and Treasury of BiH.

Corridor Vc is expected to be completed by 2030 with the total cost estimated to be approximately €4 billion. Under the Connectivity Agenda, the European Union has set aside up to €1 billion in grants for the period of 2014-2020 through the WBIF to complement the loans from international financial institutions.

You Might Also Like

The Construction of Villas with Swimming Pools records Increase in Herzegovina

BiH did not ask for the EU Help after the recent Floods

U.S. Embassy, the EU spoke out against the new Gas Company in FBiH

New 43.8 Million EU Grants for important Infrastructure Projects in BiH

Forum of the EU Strategy for the Adriatic-Ionian Region begins Today in Sarajevo

TAGGED: #agreement, #BiH, #EBRD, #signing, EU, grant
Y.Z August 2, 2019
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Migrants help Residents of Kljuc Municipality to mow the Grass and Carry Hay
Next Article Two Despot Combat Armoured Vehicles to arrive in Republika Srpska Entity Today
Leave a comment Leave a comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2k Followers Like
10.1k Followers Follow
414 Followers Follow

Latest News

Interview with Dutchman Dustin Giel: World Traveler and Devotee of BiH
May 30, 2023
Women Entrepreneurship records Expansion in BiH
May 30, 2023
The Floods in the northwest BiH caused Great Damage
May 30, 2023
Prime Minister of the FBiH met with Director of the USAID Mission in BiH
May 30, 2023
Second Day of the “Immediate Response” Exercise
May 30, 2023
Young Men saved a Boy from Drowning in River near Mostar
May 30, 2023
Dodik to Murphy: Change the Weapon of Intimidation because we are not afraid of it, and we are familiar with it
May 30, 2023
BiH Minister of FA is participating in the 18th GLOBSEC Forum
May 30, 2023
Major Verdict in Stanisic and Simatovic Case to be handed down on May 31st
May 30, 2023
BiH Minister of Security met with the Minister of Internal Affairs of the FBiH
May 30, 2023

You Might also Like

WORLD NEWS

The Construction of Villas with Swimming Pools records Increase in Herzegovina

May 27, 2023
BH & EU

BiH did not ask for the EU Help after the recent Floods

May 25, 2023
BH & EU

U.S. Embassy, the EU spoke out against the new Gas Company in FBiH

May 25, 2023
BH & EU

New 43.8 Million EU Grants for important Infrastructure Projects in BiH

May 24, 2023
Sarajevo Times
Follow US

© 2012 Sarajevo Times. All Rights Reserved.

  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT

Removed from reading list

Undo
Go to mobile version
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?