Bosnia To Get €16.5m Loan for Road Upgrade
The European Bank for Reconstruction and Development, EBRD, approved a loan of €16.5 million euros to Bosnia-Herzegovina for improvements of roads in the capital Sarajevo.
The sovereign loan will be used to finance road development projects that will help relieve traffic congestion, reduce emissions and improve living conditions as well as improve the accessibility of Sarajevo, the London-based bank said in an e- mailed statement to Bloomberg today.
The EBRD, established after the fall of communism to help the countries’ transition to market economies, has invested €1.3 billion in the former Yugoslav nation and has mobilized an additional investment of €1.5 billion, the bank said.
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