CORRIDOR VC POCITELJ - BIJACA

Promoter – Financial Intermediary

JAVNO PREDUZECE AUTOCESTE FBIH DOO

Location

• Bosnia and Herzegovina

Description

Construction of a 21 km motorway section Pocitelj - Bijaca on Corridor Vc

Objectives

The project is part of Corridor Vc connecting the Croatian coast to Budapest through BiH and forms part of the South-Eastern axis of the extension of the TEN-T network to neighbouring countries. The project is expected to facilitate trade, develop tourism, promote regional and national economic growth and ultimately contribute to economic and social cohesion in the region. The project is therefore eligible under Art 309 (c).

Comments

Sector(s)

• Transport - Transportation and storage

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 105 million

Total cost (Approximate amount)

EUR 225 million

Environmental aspects

If located in the EU, the Project, consisting in the construction of a new greenfield motorway, would fall under Annex I of the EIA Directive 2011/92/EU and therefore require a full EIA including public consultations. In FBiH it falls under the Environmental Impact Assessment (EIA) procedure as stipulated by the Law on environmental Protection and pertaining Regulation of BiH. The promoter has already provided an EIA Study for the project carried-out in accordance to the above-mentioned legal framework. Its content and compliance with the principles of the relevant EU directives on SEA, EIA and Nature conservation will be reviewed during appraisal.

Procurement

The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Signed - 11/11/2014