EBRD loan for Bosnia

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March 15, 2012 Read time: 1 min
The 1166 European Bank for Reconstruction and Development (EBRD) is providing a loan worth€28.5million loan for transport infrastructure in Bosnia-Herzegovina. The loan will be used for the construction of a new bypass around Brcko, a town in the north-eastern part of the country. A 19km, two-lane bypass will be constructed around Brcko, connecting to the main east-west route passing through the Brcko District. The project will help ease the traffic congestion in the town and will bring environmental benefits by reducing the flow of traffic in the town centre. The EBRD investment will contribute to strengthening Brcko District’s development and economic growth. The EBRD loan is complemented by a €500,000 technical assistance grant from the Western Balkans Investment Framework, which will be used to support the improvement of the institutional structure for maintenance and development of Brcko District’s road network. Since the beginning of its operations in Bosnia and Herzegovina, the Bank has committed over €1.3 billion in various sectors of the country’s economy, including over €500 million to transport infrastructure.
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