Prime Minister of FBiH Fadil Novalić assessed that one of the causes of the halt in the construction of the highway is the fact that increase of excise taxes on fuel is not adopted on national level yet. This increase in excise taxes would ensure the potential of 900 million EUR for the construction of traffic infrastructure.
According to Novalić, new excise tax opens new possibilities for credit indebting, and thereby for acceleration of the construction of the Corridor 5C. In addition to economic growth, this would also have a favorable impact on the increase in the number of employed people and on the placement of domestic goods.
Novalić said that the current value of constructed highway sections amounts to 700 million EUR, highlighting that the mentioned excise tax opens possibility for construction of new kilometers worth 900 million EUR, as well as for the construction of a speed road through central Bosnia.
The implemented analyses show that the existing model with excise taxes will be drained by 2019.
“The remaining part of the highway costs one billion 250 million EUR and the existing model is not sufficient to cover that. We will have to look for some concession, Bot arrangements and other models of financing the construction of traffic infrastructure,” Novalić added.
Novalić reminded that the Constitutional Court withdrew the law on expropriation, corrected the deficiencies, and returned it to both houses of the Parliament.
“These problems are standing in our way of faster construction of the highway, although we are technically ready to build around Mostar and Zenica,” Novalić said, adding that he expects these problems to be solved.
Acceleration of construction of the highway on the Corridor 5C and the speed road through the Lašva valley was discussed yesterday at the meeting which the President of FBiH Marinko Čavara held with the Prime Minister of FBiH Fadil Novalić, Deputy Prime Minister and Minister of Finance of FBiH Jelka Milićević, Minister of Spatial Planning of FBiH Josip Martić, Minister of Transport and Communications of FBiH Denis Lasić, and the Director of Public Enterprise “Motorways of FBiH” Jasmin Bučo.