Bosnia’s Republika Srpska to invest €700mn in public projects over 2016-2018
The government of Bosnia’s smaller entity, the Republika Srpska, plans to invest BAM1.37bn (€700mn) in public projects in 2016-2018. Of this total, BAM608.2mn will be spent in 2016, according to the programme for public investments for the next three years, adopted by the government and published on its website on December 25.
According to the programme, the bulk of state investments will be used for socio-economic development projects (BAM1.36bn). The government will take the biggest share of the planned funding for the three-year period from international institutions (BAM1.1bn).
A substantial share of state funding over the next three years will go to the transport sector – BAM380.9mn. This includes BAM352.5mn to be invested in roads, while the remainder will be used for railways upgrades.
The water network will benefit from state investments worth BAM138.1mn, while those in the health sector will amount to BAM143.2mn.
The adopted programme also includes priority projects for which the government has not yet secured funding. Their total value is BAM6.7bn, of which projects in the industry, energy and mining sectors are estimated at BAM3.5bn, while the value of transport projects has been set at BAM2.7bn.
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