IFC to provide consultancy on three-section Corridor Vc works

JP Autoceste FBiH, the state-owned motorway company of Bosnia's Muslim–Croat Federation, has revealed that the International Finance Corporation (IFC) will provide consultancy for finding a private partner for three sections of Corridor Vc. The IFC consultancy-covered sections are Doboj Jug (Karusa)-Medakovo (4km); Medakovo-Ozimica (21km); and Ozimica-Poprikusa (13.7km). The consultancy deal will last for a period of 15 months during which a due diligence of costs and a study for the three Corridor Vc secti
May 3, 2013 Read time: 1 min
JP 5740 Autoceste FBiH, the state-owned motorway company of Bosnia's Muslim–Croat Federation, has revealed that the International Finance Corporation (IFC) will provide consultancy for finding a private partner for three sections of Corridor Vc.

The IFC consultancy-covered sections are Doboj Jug (Karusa)-Medakovo (4km); Medakovo-Ozimica (21km); and Ozimica-Poprikusa (13.7km). The consultancy deal will last for a period of 15 months during which a due diligence of costs and a study for the three Corridor Vc sections’ construction will be prepared.

It was said that the Corridor Vc project is expected to attract €300 million in investments. Some 10% of the project will be financed by JP Autoceste, while the remainder will be financed by the IFC through a deal with the potential partner from a private sector.

For more information on companies in this article

Related Content

  • Despite earlier contractor issues, road projects in Bosnia are proceeding on track
    May 16, 2012
    Key road construction projects are now moving forward in Bosnia with work on-track for the Sarajevo ringroad as well as the Corridor Vc highway. Construction of a 130km section of the Corridor Vc highway should be complete by 2014 according to Bosnia's Ministry of Transport and Telecoms. Work on the first section of the Sarajevo ringroad should be completed within five months, following the signing of an agreement worth €17 million between the Austrian firm Strabag and the Bosnian company HP Investing. The
    Read More
  • Concerns over bidding for Pocitelj Bridge work surface in Bosnia
    January 12, 2017
    A Bosnian minister has expressed concern over the difference between bids by two consortia for a motorway project that includes construction of the Pocitelj Bridge. Bosnia's state-owned motorway company Autoceste FBiH said in May that it had signed a contract worth nearly €108 million with the joint venture of Euroasfalt and Strabag for construction of the 5.8km Klopce-Donja Gracanica subsection of pan-European transport Corridor Vc. A report by the Bosnian news agency Fena said that Bosnia's deputy m
    Read More
  • Loan for Bosnia motorway project
    May 9, 2019
    A loan agreement has been signed to help pay for a new motorway project in Bosnia and Herzegovina. The European Bank for Reconstruction and Development (EBRD) is providing the Bosnia and Herzegovina Government with a loan worth €210 million for next stage of Corridor Vc project. According to the EBRD, Bosnia and Herzegovina’s further economic integration with the Western Balkans and the rest of Europe will take an important step forward due to this loan for. The development of Corridor Vc is a strategic
    Read More
  • Bosnia Herzogovina highway project receiving EBRD loan
    September 12, 2018
    A loan from the European Bank for Reconstruction and Development (EBRD) worth €180 million will help to pay for the construction of the Corridor Vc highway project. This highway is of key importance for the economic development of Bosnia and Herzegovina as it will provide and improved transport connection with Europe. The loan will help to pay for the construction of three new sections of Corridor Vc, measuring some 16km. The loan will be provided in two tranches, with the first of up to €120 million and b
    Read More

Highlighted Content