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

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

Bosnia awards 33-year motorway concession to China's Shandong

The government of Bosnia & Herzegovina’s Republika Srpska decided to grant to China’s Shandong International Economic and Technical Cooperation Corp a ... more

Political instability in Bosnia raises investment concerns, S&P warns

Political instability in Bosnia & Herzegovina, along with the decision of International Monetary Fund (IMF) to once again put on hold its agreement with the country, are raising concerns for ... more

Dismiss