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

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