Bosnia agrees funding for highway construction plans

Bosnia’s highway company Autoceste Federacije BiH will invest €500 million in the construction of the Corridor Vc road. The European Investment Bank (EIB) will provide a loan of €166 million to part finance the project. The plans call for the construction of the 56km highway as well as an additional 10km of the Sarajevo ringroad. The cost of the project is three times higher than any other that the country has so far planned. Autoceste Federacije BiH has said that it will finance land expropriation.
March 22, 2012 Read time: 2 mins

Bosnia’s highway company Autoceste Federacije BiH will invest €500 million in the construction of the Corridor Vc road.

The 1054 European Investment Bank (EIB) will provide a loan of €166 million to part finance the project. The plans call for the construction of the 56km highway as well as an additional 10km of the Sarajevo ringroad. The cost of the project is three times higher than any other that the country has so far planned. Autoceste Federacije BiH has said that it will finance land expropriation. Meanwhile five bids have so far been submitted for the construction of the Sarajevo ringroad project. Bids have come from two consortia and a joint venture partnership. These are from a Bosnian consortium comprising GP Put Sarajevo, GP ZGP Sarajevo and Euroasfalt Sarajevo, a consortium comprising Granit Skoplje, Integral Inzinjering, JV Cesta Varazdin and 1332 Alpine Bau, followed by a bid from a joint venture comprising 945 Strabag, Osijek Koteks and HP Investing.

Meanwhile the government of the Bosnian autonomous entity Republika Srpska has admitted that the level of built roads network in the entity is too low at 16.4%. This is below the European average of 77%. The state said that a total of €68.51 million has been invested in construction of the Mahovljani-Glamocani road part of the Banja Luka-Gradiska motorway. In 2010, an average investment in road maintenance fell 1.4% compared with the previous year.

For more information on companies in this article

Related Content

  • Bosnian deal with China Road and Bridge
    March 15, 2024
    The Chinese company could be reconstructing 15km of highway around Hum, close to the Montenegren border.
    Read More
  • Serbian highway plans
    March 19, 2012
    Serbian contractor Milos Trans will start work on the Serbia’s Corridor 11 highway during 2012. The firm will carry out work on the stretch running from Preljina to Takovo.
    Read More
  • Croatia rejects complaints over Peljeski Bridge tender
    April 6, 2018
    Croatia’s public procurement body has rejected complaints by all three international consortia over a winning low tender for the Peljeski bridge. Bids for construction of the four-lane 2.4km bridge were submitted in the middle of last year. The bridge will connect Croatian territory by traversing the Adriatic Sea’s Mali Ston Bay. Vehicles must currently head from Croatia into Bosnia to re-enter a peninsula that is Croatian territory. Croatia’s State Commission for Control of Public Ordering Processes
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More

Highlighted Content