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.
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