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    Signature(s)

    Amount (.*)
    € 191,090,000
    Countries
    Sector(s)
    Bosnia and Herzegovina : € 191,090,000
    Transport : € 191,090,000
    Signature date(s)
    27/04/2017 : € 25,090,000
    22/08/2012 : € 166,000,000
    (*) Including a € 25,090,000 Investment Grants provided by the WESTERN BALKANS INVESTMENT FRAMEWORK

    Summary sheet

    Release date
    20 February 2008
    Status
    Reference
    Signed | 22/08/2012
    20080045
    Project name
    Promoter - financial intermediary
    Corridor Vc – Second Phase

    Ministry of Transport and Communication of the Federation of Bosnia and Herzegovina

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 166 million
    About EUR 340 million
    Description
    Objectives

    The project concerns the construction of two motorway sections on Corridor Vc :

    • Vlakovo - Tarcin, South of Sarajevo, in a length of 19 km
    • Svilaj - Odzak, in a length of 9 km, at the Northern border with Croatia, including a bridge across the Sava river, the border between BiH and Croatia

    The project will significantly increase accessibility and reduce travel times, thereby contributing to a balanced economic development of the regions concerned. Current average speeds on existing road are estimated at some 50 km/h and these should rise to 120 km/h with the new infrastructure. Commuting among main cities and towns along the corridor will be much faster and more comfortable.

    Environmental aspects
    Procurement

    This type of project (construction of a motorway) falls under Annex I of EU Directive 85/337/EEC as amended by Directive 97/11/EC and thus requires a full EIA.

    The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement and applicable EU rules.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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