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EIB Global invests over €110 million for sustainable infrastructure development of BiH
EIB Global, the arm of the European Investment Bank (EIB) for activities outside the European Union, will invest €116 million as an overall financial package for the development of sustainable mobility, water and sanitation infrastructure and the healthcare facilities in Bosnia and Herzegovina. €75 million loan will go into the rehabilitation and extension of existing healthcare units and the construction of a new medical campus at the University Clinical Centre of Banja Luka. The project will enable better healthcare services and skilled human resources to strengthen the healthcare system’s resilience and response to future emergencies.
€35 million will be invested in the Sarajevo urban transport project to enable the modernization and extension of the tram and trolley bus networks. This will add to the €40 million already lent since 2021, bringing the total EIB investment to €75 million. Thanks to EIB Global financing for this project, the country’s capital will benefit from reduced traffic congestion and air pollution, increased safety and convenience of the public transport system.
Along with these loans, EIB Global has also signed a €6 million EU grant agreement channeled through the Instrument for Pre-Accession (IPA) for the extension of water supply, sewage collection and wastewater systems in some 20 municipalities in all parts of BIH. This grant will be blended with other existing investments provided under this comprehensive water and sanitation programme, which will help reduce environmental pollution and improve access to water and sanitation services for people across the country.
With these new investments, EIB Global’s lending for BiH to date has reached €3.4 billion in supporting the development of vital infrastructure and small and medium businesses. Over half of this lending volume has been allocated to transportation sector (€1.6 billion), followed by investments in small and medium enterprises (€880 million), energy (close to €300 million) and water and wastewater infrastructure (€250 million).
Source: EIB
Photo credits: EIB
