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Easing congestion in Sarajevo Canton with EBRD support

Infra News - Published on Sat, 27 Jun 2020

Image Source: EBRD Bosnia and Herzegovina
Bosnia and Herzegovina’s capital city Sarajevo and the surrounding Sarajevo Canton will benefit from a loan of up to EUR 30 million provided by the European Bank for Reconstruction and Development for the modernisation and upgrade of its strategic road network. The EBRD financing will fund improvements of urban transport in Sarajevo, enabling better connections with other parts of the Canton. Investments will include the construction of a new twin pipe tunnel near the city centre on the 1st Transversal road and a dual carriage road at the end of the Sarajevo bypass on the 9th Transversal road. The upgrade of the road network will also improve local and regional transport connections and cut air pollution by reducing congestion due to shorter travel times. With some 450,000 inhabitants, Sarajevo Canton accounts for almost 13 per cent of the country’s total population.

The approval of the loan agreement took place before the coronavirus pandemic, which has hit the economy of Bosnia and Herzegovina hard. As the country lifts healthcare restrictions and adopts measures to support the economy, the need for modern infrastructure becomes ever more apparent.

Since it began operations in Bosnia and Herzegovina in 1996, the EBRD has invested EUR 2.6 billion in 177 projects there. Investing in transport infrastructure to allow the local economy to expand and supporting regional integration are two of the Bank’s priorities in the country.

During 2020 and 2021 the EBRD expects to dedicate its entire investment volume of up to Eur 21 billion across all the economies where it invests to overcome the impact of the crisis.
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Posted By : Yogender Pancholi on Sat, 27 Jun 2020
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