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Reading: President of FBiH signs a Contract worth 80 Million EUR for Corridor 5C
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Sarajevo Times > Blog > BUSINESS > President of FBiH signs a Contract worth 80 Million EUR for Corridor 5C
BUSINESS

President of FBiH signs a Contract worth 80 Million EUR for Corridor 5C

Published: November 12, 2016
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b_161111055President of the FBiH Marinko Čavara and Director of the Office of the European Bank for Reconstruction and Development in BiH Ian Brown signed yesterday a contract on a loan for construction of a new section on the Corridor 5C.

Ian Brown stated that the signing of this agreement is just one step of the withdrawal of funds and implementation of the previously agreed project.

President of FBiH Marinko Čavara thanked the Director Brown for previous support for the projects of road construction, especially for construction of the Corridor 5C, and he expressed hope that law on excise taxes will be adopted soon, so that funds from this loan would become operational and the construction of the motorway as the most important infrastructural project in BIH would continue.

Contract is worth 80 million EUR and user is the Public Enterprise Motorways of FBiH for construction of motorway sections between Buna and Počitelj, which is the continuation of the section Počitelj-Bijača, and the subsection between Donja Gračanica and the Tunnel Zenica.

(Source: klix.ba)

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TAGGED:#construction#Contract#corridor5C#loan
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