Construction of the 25km Lasva-Travnik express road in Bosnia and Herzegovina has been delayed, according to the government.
Adnan Terzic, director of the motorways company Autoceste FBiH, said the issue is funding and the company is awaiting release of around €92 million by the International Monetary Fund (IMF).
Construction of the 25km Lasva-Travnik express road in Bosnia and Herzegovina has been delayed, according to the government.
Adnan Terzic, director of the motorways company
The government is reportedly seeking to replace the IMF's funding with money from commercial banks through an issue of treasury bills.
The four-lane road, which will include 18 bridges and viaducts and three tunnels, links Travnik with the capital Sarajevo and other wealthy regions. It will be vital to the economic development of central Bosnis, a report in the Sarajevo Times said.
When the Lasva-Travnik road is completed, work will start on the Travnik to Jajce road, worth around €280 million.
