New EBRD investment in Bosnia-Herzegovina’s road infrastructure

By EBRD  Press Office
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The EBRD is continuing to support the modernisation of transport infrastructure in Bosnia-Herzegovina with a sovereign €28.5million loan for the construction of a new bypass around the centre of Brcko town, in the north-eastern part of the country.

The proceeds of the EBRD loan will be used to build a two-lane 19 kilometres bypass around Brcko that will connect 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 is a key investor in Bosnia’s infrastructure. This latest project is the Bank’s first collaboration with Brcko District and we are pleased to support its development. The new bypass will provide the town and the District with better and safer transport links, will cut air pollution, bringing considerable benefits to the District’s residents and businesses, and to the country’s economy overall”, said Libor Krkoska, Head of EBRD Resident Оffice in Bosnia and Herzegovina.

“The Brcko Bypass project is the largest investment so far in Brcko District BiH. Through the implementation of this project we will improve the living standard in Brcko, as the upgraded transport infrastructure will also make the District more attractive to investors and support creation of new jobs", said Miroslav Gavrić, ScD, mayor of Brcko District.

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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