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BiH, EBRD will invest in several sections of Corridor Vc
Investment programme of over EUR 700 mln for 2018-2020
26 February, 19:56
(ANSA) - ROMA - The ministers of Transport and Communications
of Federation BiH and Republika Srpska signed on Monday a
Memorandum of Understanding with the European Bank for
reconstruction and Development (EBRD), which intends to make a
massive increase in its support for the development and
modernisation of the road infrastructure in Bosnia and
Herzegovina.
According to Ibna press agency, EBRD announced that the Memorandum outlines an investment programme of over EUR 700 million for the period 2018-2020 in several sections of Corridor Vc (the main north-south Corridor running through BiH).
''Expanding the country's road infrastructure and building modern motorways is a key requirement for the integration of Bosnia and Herzegovina and its economy with the region and strengthening links with western Europe. Improving connectivity is of critical importance for the Western Balkans economic convergence'', EBRD states in a press release.
''We are very pleased to sign this Memorandum of Understanding today. After the recent breakthrough at the political level we are now ready to deliver the projects which have been under preparation for some time and which are overdue for the future prosperity of the country. With these roads Bosnia and Herzegovina will move closer to where it belongs - the centre of Europe'', EBRD President Suma Chakrabarti said.
Denis Lasi, Minister of Transport and Communications of the Federation of BiH, said that the signing of the memorandum reconfirms the joint goal, which is to create the preconditions for the implementation of capital infrastructure projects in BiH and to continuously and persistently work on the economic development of the country.
Nedjo Trnini, Minister of Transport and Communications of Republika Srpska, stated that Republika Srpska is committed to the development of infrastructure projects. ''The support of the EBRD is very important for the implementation of these projects.
This memorandum confirms the excellent cooperation that has been developed over the years between our government and the EBRD'', Trnini stated.
Since the beginning of its operations in Bosnia and Herzegovina, the EBRD has invested more than EUR 2.1 billion in over 146 projects in the country. (ANSA).
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According to Ibna press agency, EBRD announced that the Memorandum outlines an investment programme of over EUR 700 million for the period 2018-2020 in several sections of Corridor Vc (the main north-south Corridor running through BiH).
''Expanding the country's road infrastructure and building modern motorways is a key requirement for the integration of Bosnia and Herzegovina and its economy with the region and strengthening links with western Europe. Improving connectivity is of critical importance for the Western Balkans economic convergence'', EBRD states in a press release.
''We are very pleased to sign this Memorandum of Understanding today. After the recent breakthrough at the political level we are now ready to deliver the projects which have been under preparation for some time and which are overdue for the future prosperity of the country. With these roads Bosnia and Herzegovina will move closer to where it belongs - the centre of Europe'', EBRD President Suma Chakrabarti said.
Denis Lasi, Minister of Transport and Communications of the Federation of BiH, said that the signing of the memorandum reconfirms the joint goal, which is to create the preconditions for the implementation of capital infrastructure projects in BiH and to continuously and persistently work on the economic development of the country.
Nedjo Trnini, Minister of Transport and Communications of Republika Srpska, stated that Republika Srpska is committed to the development of infrastructure projects. ''The support of the EBRD is very important for the implementation of these projects.
This memorandum confirms the excellent cooperation that has been developed over the years between our government and the EBRD'', Trnini stated.
Since the beginning of its operations in Bosnia and Herzegovina, the EBRD has invested more than EUR 2.1 billion in over 146 projects in the country. (ANSA).
