Reference: 20150774
Release date: 2 August 2016

Promoter – Financial Intermediary

CORRIDOR VC ZENICA NORTH

Location

Description

Construction of a new 2.8 km-long motorway section including a 2.4 km-long twin tunnel and ancillary structures between Ponirak and Vraca (exit of the tunnel Zenica) in the central part of Bosnia and Herzegovina (BiH)

Objectives

The project is part of Corridor Vc connecting the Croatian coast to Budapest through BiH and forms part of the southeastern 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 lies on a section pre-identified as a priority under the EU-sponsored 2015 Connectivity Agenda and a Western Balkans Investment Framework (WBIF) investment grant has been requested to support this project. The consistency of the project with the EIB transport lending policy is to be confirmed during appraisal.

Sector(s)

Under ELM Guarantee

This operation is covered by the EU Guarantee for EIB loans outside the EU.

Proposed EIB finance (Approximate amount)

EUR 69 million

Total cost (Approximate amount)

EUR 101 million

Environmental aspects

If located in the EU, the project, consisting of the construction of a new greenfield motorway, would fall under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore require a full EIA including public consultation. In the Federation of Bosnia and Herzegovina it falls under the 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 with the above-mentioned legal framework. Its content and compliance with the principles of the relevant EU directives on strategic environmental assessment (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. The customary announcements will have to be published in the Official Journal of the EU, inviting firms and joint ventures to submit expressions of interest to participate in the supervision and works for the project.

Status

Signed - 26/04/2018

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).

Related tags

Bosnia and Herzegovina Transport