Bosnia to receive €2mn WBIF grant for Corridor Vc project

By bne IntelliNews April 18, 2021

The Bosnian Federation government said it accepted a €2mn Western Balkans Investment Framework (WBIF) grant to finance the detailed design of the 11.1 km Pocitelj – Zvirovici subsection project, part of pan-European Corridor Vc.

The grant will be provided through the European Investment Bank (EIB), the government said in a statement on April 15.

The total value of the Pocitelj — Zvirovici project is €124.2mn. It is financed with a €100mn EIB loan, two WBIF grants totalling €7mn, and €17.2mn of Bosnia's own funds.

China State Construction Engineering Corporation (CSCEC) launched the construction of the Pocitelj — Zvirovici section, which includes the construction of a tunnel, in November. The subcontractor of the works on the Pocitelj tunnel is Bosnian company Euro-Asfalt.

Related Articles

Orban’s new illiberal axis

Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

Dismiss