Bosnia-Herzegovina motorway first

THE EBRD (European Bank for Reconstruction and Development) is increasing its support for the modernisation of the transport infrastructure of Bosnia-Herzegovina with a €21 million loan for the completion of the construction of the Banja Luka-Gradiska motorway. The motorway, being built with financing from both the EBRD and the European Investment Bank (EIB), is the first in the Republika Srpska, and links the capital Banja Luka with the international transport Corridor X [a pan- European corridor which run
July 5, 2012 Read time: 2 mins
THE EBRD (1166 European Bank for Reconstruction and Development) is increasing its support for the modernisation of the transport infrastructure of Bosnia-Herzegovina with a €21 million loan for the completion of the construction of the Banja Luka-Gradiska motorway.

The motorway, being built with financing from both the EBRD and the 1054 European Investment Bank (EIB), is the first in the Republika Srpska, and links the capital Banja Luka with the international transport Corridor X [a pan- European corridor which runs between Salzburg in Austria and Thessaloniki in Greece, passing through Austria, Slovenia, Croatia, Serbia, Macedonia and Greece].

The EBRD's new sovereign loan will be extended to the Republika Srpska Motorways, a newly-established public company responsible for managing the motorway network. The proceeds of the loan will be used to finance the construction of the Mahovljani Interchange, which will complete the missing link on the Banja Luka-Gradiska motorway. The project will also support a programme of institutional strengthening for this new company.

The project includes the construction of a 1.8km new two-lane motorway, four interchange two-lane slip roads, with a total length of 6.9km, two viaducts, which carry two of the slip roads over the new motorway, and four other bridges within the interchange.

In addition to the EBRD loan, the project is co-financed by €5 million in grant funds provided by the 2465 European Commission through its preaccession programme, and €500,000 from the Central European Initiative and the Western Balkans Investment Framework, a joint grant and lending facility established by the European Commission, the European Investment Bank, the EBRD, and the 1172 Council of Europe Development Bank to finance priority projects in the Western Balkans.

Related Content

  • Europe’s contractor’s association, the FIEC, is calling for infrastructure investment
    March 14, 2013
    The European Federation of construction contractors (FIEC) is pressing Europe’s members of parliament to vote for infrastructure investment. The European Parliament is to decide on the Multi-annual Financial Framework, which forms part of the EU’s Multi-Annual Financial Framework and the FIEC is insisting that infrastructure investment will provide much-needed jobs and help kick-start economic activity. FIEC president Thomas Schleicher said, “Clearly, the realisation of infrastructure projects, saving energ
    Read More
  • Work starts on last Sofia-Kalotina section
    May 24, 2023
    Bulgaria’s A6 Europa Motorway from the capital with link up with Serbia’s A4 Motorway.
    Read More
  • Slovakia: Strazov-Brodno D3 route around Zilnia to get EU funds
    May 10, 2016
    The European Union is providing nearly €202 million to finish the section of the D3 motorway between Strazov and Brodno around the city of Zilina in Slovakia. Zilnia is in north-west of Slovakia, around 200km from the capital Bratislava and close to the Czech and Polish borders. It is the fourth largest city of Slovakia with a population of around 85,000. The D3, formerly D18, is sometimes called the Kysuce Motorway. It was originally to be only a two-lane motorway in the Čadca - Slovak/Polish border
    Read More
  • European infrastructure finance plans
    May 15, 2012
    The President of the European Commission José Manuel Barroso has unveiled his plans to raise new sources of finance to fund EU infrastructure projects. In a key 'State of the Union' address to the European Parliament, he said it would involve the establishment of EU project bonds issued in conjunction with the European Investment Bank (EIB).
    Read More

Highlighted Content