Bosnia invests in roads and highway construction

The Government of Federal Bosnia & Herzegovina plans to invest e5.5 billion in building roads, highways and new energy projects. To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.
May 15, 2012 Read time: 2 mins
The Government of Federal Bosnia & Herzegovina plans to invest €5.5 billion in building roads, highways and new energy projects.

To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.

Construction of the link will receive backing in the shape of €500 million worth of loans from the EBRD and the 1054 European Investment Bank. The tender process for this project is due to start shortly. However, full approvals still have to be given following complications with the regulatory system.

Construction work will start shortly on the Mahovljanska loop, an important part of the Banja Luka-Doboj highway in Bosnia. This forms a key section of the Banja Luka-Gradiska highway and the agreement was signed by officials in the Bosnian roads company 1552 Autoputevi Republike Srpske, Czech firm 980 OHL ZS and representatives of Niskogradnja.

The value of the contract has not been revealed and officials from the transport ministry are discussing details of the project with Austrian contractor 945 Strabag.

For more information on companies in this article

Related Content

  • Tanzania delivers road construction boost
    November 2, 2012
    Plans to upgrade two major roads in Tanzania will bring huge benefits to the East African nation. Shem Oirere reports Tanzania’s bid to retain or improve its position as East Africa’s second largest economy is gaining momentum as the government moves to support the achieved growth and contribute more to ongoing regional economic integration through the improvement of its transport infrastructure. The country received a major boost in April, 2012, when the African Development Bank (AfDB), one of Tanzania lea
    Read More
  • Tender opening for crucial new Bulgarian highway
    November 14, 2012
    The authorities in Bulgaria are in the tender process for the new Sofia-Kalotina highway project. The tender is for a 31.5km section of highway that will connect Bulgarian capital Sofia with Kalotina on the border with Serbia. The deadline for submitting the tender offers is 7th January 2013. Meanwhile in Sofia itself, a €100 million project to improve key roads in the city is now due to commence. Some €50 million of the funding required for the project is being provided in loan form by the European Invest
    Read More
  • Key Kosovo connection for construction
    December 20, 2017
    A loan worth €71 million will help pay for a 30km highway project in Kosovo. .
    Read More
  • Romanian road development continues
    February 28, 2012
    The Romanian road authorities are trying hard to get the country's network improvement plans back on track.
    Read More

Highlighted Content