EBRD backs Corridor Vc expansion project

The EBRD is providing a €180 million ($209 million) sovereign loan to Bosnia and Herzegovina for the construction of three new sections (totalling 15.8km) of the Corridor Vc motorway. The debt is expected to be complemented by an investment grant of €11.8 million from the European Union through the Western Balkans Investment Framework (WBIF).

The two-tranche EBRD loan comprises up to €120 million to co-finance with the EIB the construction of a motorway section from Poprikusa to Nemila and the construction of Tunnel Ivan; and a second tranche of up to €60 million to finance the construction of a motorway section from the Mostar South Interchange to Tunnel Kvanj.