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CORRIDOR VC - FIRST PHASE - NORTH

Signature(s)

Amount
€ 75,000,000
Countries
Sector(s)
Bosnia and Herzegovina : € 75,000,000
Transport : € 75,000,000
Signature date(s)
18/12/2008 : € 75,000,000
Link to source

Summary sheet

Release date
5 December 2007
Status
Reference
Signed | 18/12/2008
20070168
Project name
Promoter - financial intermediary
Corridor Vc – first phase - North

Ministry of Transport and Communication of the Federation of Bosnia and Herzegovina.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 75 million.
About EUR 158 million.
Description
Objectives

The project concerns a new motorway section adjacent to those already under preparation or construction, namely Zenica South - Kakanj, in a length of about 15 km.

The project will significantly increase accessibility and reduce travel times, thereby contributing to a balanced economic development of the regions concerned. Current average speeds on existing road are estimated at some 50 km/h and these should rise to 120 km/h with the new infrastructure. Commuting among main cities and towns along the corridor will be much faster and more comfortable.

Environmental aspects
Procurement

This type of project (construction of a motorway) falls under Annex I of EU Directive 85/337/EEC as amended by Directive 97/11/EC and thus requires a full EIA.

The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement and applicable EU rules.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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