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CORRIDOR VC ZENICA NORTH

Signature(s)

Amount (.*)
€ 69,000,000
Countries
Sector(s)
Bosnia and Herzegovina : € 69,000,000
Transport : € 69,000,000
Signature date(s)
20/12/2019 : € 19,000,000
26/04/2018 : € 50,000,000
(*) Including a € 19,000,000 Investment Grants provided by the WESTERN BALKANS INVESTMENT FRAMEWORK
Link to source

Summary sheet

Release date
2 August 2016
Status
Reference
Signed | 26/04/2018
20150774
Project name
Promoter - financial intermediary
CORRIDOR VC ZENICA NORTH
JAVNO PREDUZECE AUTOCESTE FBIH DOO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 69 million
EUR 101 million
Location
Sector(s)
Description
Objectives

Construction of a new 2.8 km-long motorway section including a 2.4 km-long twin tunnel and ancillary structures between Ponirak and Vraca (exit of the tunnel Zenica) in the central part of Bosnia and Herzegovina (BiH)

The project is part of Corridor Vc connecting the Croatian coast to Budapest through BiH and forms part of the southeastern axis of the extension of the TEN-T network to neighbouring countries. The project is expected to facilitate trade, develop tourism, promote regional and national economic growth and ultimately contribute to economic and social cohesion in the region. The project lies on a section pre-identified as a priority under the EU-sponsored 2015 Connectivity Agenda and a Western Balkans Investment Framework (WBIF) investment grant has been requested to support this project. The consistency of the project with the EIB transport lending policy is to be confirmed during appraisal.

Environmental aspects
Procurement

If located in the EU, the project, consisting of the construction of a new greenfield motorway, would fall under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore require a full EIA including public consultation. In the Federation of Bosnia and Herzegovina it falls under the EIA procedure as stipulated by the law on environmental protection and pertaining regulation of BiH. The promoter has already provided an EIA study for the project, carried out in accordance with the above-mentioned legal framework. Its content and compliance with the principles of the relevant EU directives on strategic environmental assessment (SEA), EIA and nature conservation will be reviewed during appraisal.

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules. The customary announcements will have to be published in the Official Journal of the EU, inviting firms and joint ventures to submit expressions of interest to participate in the supervision and works for the project.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

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).

Documents

Environmental and Social Impact Assessment (ESIA) - CORRIDOR VC ZENICA NORTH - Public Consultation and Disclosure Plan
Publication Date
21 Oct 2016
Document language
Main Topic
Lending
Document Number
70631518
Document Focus
Environmental Information
Project Number
20150774
Sector(s)
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - CORRIDOR VC ZENICA NORTH
Publication Date
22 Nov 2016
Document language
Main Topic
Lending
Document Number
66066296
Document Focus
Environmental Information
Project Number
20150774
Sector(s)
Publicly available
Download now

News & Stories

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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