The European Union is stepping up its support for Corridor Vc, the key transport infrastructure project in Bosnia and Herzegovina, with additional grant funding of EUR 45.2 million. The funds will go towards ongoing construction work on two motorway sections financed with loans by the European Bank for Reconstruction and Development of EUR 36 million to the Poprikuše-Nemila section (financed with of EUR 70 million EBRD loan and of EUR 90 million European Investment Bank loan) and of EUR 9.2 million to the Ivan Tunnel (financed with of EUR 50 million EBRD loan).Corridor Vc is a pan-European transport project. The section in Bosnia and Herzegovina, which is 325 kilometres long, will cross the country from north to south, eventually connecting the Adriatic port of Ploče in Croatia with the Hungarian capital, Budapest.The motorway, which will bring Bosnia and Herzegovina closer to the EU, is primarily co-financed by loans from the EBRD and European Investment Bank and grant resources form the EU. To date, the EBRD has provided the project with loans worth of EUR 850 million from its own resources, while investment and technical assistance grants extended by the EU have totalled more than of EUR 223 million (for EBRD financed sections).
The European Union is stepping up its support for Corridor Vc, the key transport infrastructure project in Bosnia and Herzegovina, with additional grant funding of EUR 45.2 million. The funds will go towards ongoing construction work on two motorway sections financed with loans by the European Bank for Reconstruction and Development of EUR 36 million to the Poprikuše-Nemila section (financed with of EUR 70 million EBRD loan and of EUR 90 million European Investment Bank loan) and of EUR 9.2 million to the Ivan Tunnel (financed with of EUR 50 million EBRD loan).Corridor Vc is a pan-European transport project. The section in Bosnia and Herzegovina, which is 325 kilometres long, will cross the country from north to south, eventually connecting the Adriatic port of Ploče in Croatia with the Hungarian capital, Budapest.The motorway, which will bring Bosnia and Herzegovina closer to the EU, is primarily co-financed by loans from the EBRD and European Investment Bank and grant resources form the EU. To date, the EBRD has provided the project with loans worth of EUR 850 million from its own resources, while investment and technical assistance grants extended by the EU have totalled more than of EUR 223 million (for EBRD financed sections).
