Croatia digs deep to finance River Sava bridge into Bosnia
Croatia is to pay €70 million as its share for a bridge across the River Sava near Gradiska, in Republika Srpska, part of Bosnia-Herzegovina.
A year ago, the European Commission set aside a €6.8 million grant for construction of the bridge.
February 27, 2019
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Croatia is to pay €70 million as its share for a bridge across the River Sava near Gradiska, in Republika Srpska, part of Bosnia-Herzegovina.
A year ago, the European Commission set aside a €6.8 million grant for construction of the bridge.
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
The Svilaj Bridge connecting Croatia and the Federation of Bosnia and Herzegovina is nearly 40% complete, according to the contractors and the Croatian Motorways Directorate.
Locally, the Svilaj Bridge – financially a 50-50 project between the two countries - is part of a motorway running from Beli Manastir to Osijek and on tyo Svilaj. But the route is also part of the motorway Budapest-Osijek-Sarajevo-Plocˇ which is the Pan European Corridor Vc (Corridor 5, branch c) connecting Budapest with the Adriatic.
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
