World Bank loan aims to revitalise Republika Srpska's little-used railways

World Bank loan aims to revitalise Republika Srpska's little-used railways
By bne IntelliNews December 9, 2017

The World Bank said it is lending $51.3mn to Bosnia & Herzegovina’s smaller entity, Republika Srpska, to upgrade of its railways sector.

The project aims to improve the operational efficiency and financial sustainability of Republika Srpska’s troubled railways operator through financial, workforce and organisational restructuring.

“We expect that once this process is completed the RS Railways will become financially sustainable and will provide better services,” Antonio Nunez, World Bank senior transport specialist, was quoted as saying in the statement.

The overall railway restructuring plan would be implemented over the period 2018-2021.

Currently, Republika Srpska’s railways operator transports fewer than 500 paying passengers daily at a total cost of about BAM 20mn (€10.2mn) a year.

Currently, the World Bank has 11 active projects in Bosnia worth combined $556.68mn.

Related Articles

Bosnia’s new presidency sets EU membership as strategic priority

The newly-sworn members of Bosnia & Herzegovina’s tripartite presidency set the country’s membership in the European Union as the country's strategic foreign policy priority in their ... more

Nato foreign ministers poised to activate Bosnia’s Membership Action Plan

Nato foreign ministers will most likely activate Bosnia & Herzegovina’s Membership Action Plan (MAP) — a reform process that prepares countries for membership — at their meeting on December ... more

Campaign against new Croat member of Bosnian presidency intensifies

Several Croatian MEPs have sent a letter to the heads of European Union institutions, warning that the ... more

Dismiss