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Bosnia and Herzegovina: EU grant worth €11.8 million for Corridor Vc signed

Christian Fernsby |
The European Investment Bank (EIB) has signed an €11.8 million EU grant with Bosnia and Herzegovina to finance the construction of the 6.9 km long Tarčin Ivan section of the pan European Corridor Vc.

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Topics: BOSNIA   

The EU grant comes from the Western Balkans Investment Framework (WBIF) and complements an earlier EIB loan worth €40.4 million approved by the EU bank for the same section of the Corridor Vc.

For the entire section including the 1 720 m long double tube Tunnel Ivan, the European Union has provided a total of €23.3 million in grants in addition to financing provided by the EIB and the European Bank for Reconstruction and Development (EBRD), complementing funds provided by Bosnia and Herzegovina.

This agreement marks another important step forward for EU assistance to the country in the construction of the Corridor Vc.

Corridor Vc is the most ambitious investment programme in Bosnia and Herzegovina to improve regional connectivity, shorten travel times and increase road safety along the route connecting the main economic and administrative centres in the country. In addition, Corridor Vc will contribute towards faster social and economic integration of the Western Balkans and the European Union.

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