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Additional €20 million in EU grants for Corridor Vc in BiH
The construction of the Corridor Vc motorway, a priority infrastructure project in Bosnia and Herzegovina, is progressing further with new financing from the European Union. A new €20.7 million grant provided by the EU will support the completion of the construction works on two sections: Buna-Pocitelj and tunnel Zenica-Donja Gracanica.
In addition to building modern transport infrastructure, the project also contributes to improving road safety in the country by achieving three-star safety standard by the International Road Assessment Program – one of the first projects in the region to receive it. The project also enhances the sustainability of motorway construction and management, as well as procurement procedures in the public motorway company.
The grant funds have been secured through the EU-supported Western Balkans Investment Framework (WBIF), which aims to improve the region’s connectivity by building new transport links and upgrading outdated transport and environmental infrastructure.
The development of Corridor Vc is a strategic priority for Bosnia and Herzegovina. The 325 km motorway will cross the country from the border with Croatia near port of Ploce in the south to the border with Croatia in the north, contributing towards faster economic and social development. It is currently the biggest construction project in the country. It is estimated to cost approximately €3.7 billion.
Source:EBRD
Photo credits: EBRD
