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News / EU provides additional €5 million for Corridor Vc in Bosnia and Herzegovina
The European Investment Bank (EIB) – the lending arm of the EU – and the Ministry of Finance of Bosnia and Herzegovina have signed an agreement for a €5 million grant for the supervision of construction works for the Počitelj-Zvirovići subsection of Corridor Vc. The work is due to be completed in 2022 and will provide approximately 21 km of continuous motorway between Počitelj and Bijača on the southern border of Bosnia and Herzegovina with the European Union in Croatia. Corridor Vc is the highest priority transport network in Bosnia and Herzegovina and will contribute to more sustained economic development, regional trade and improved living conditions for those in the area along the route.
Head of the EU Delegation and EU Special Representative in Bosnia and Herzegovina, Ambassador Johann Sattler, said, “The €5 million grant signed today represents another major step towards the completion of the vital Corridor Vc. Better links within the country will deepen economic and cross-border integration, as well as strengthening the development of local transnational Euroregions, creating a virtuous circle of economic growth and deeper European integration. The European Union has so far allocated more than €225 million for the construction of Corridor Vc. Our support will continue alongside the Economic and Investment Plan, which sets up a substantial investment package supporting connectivity in the region.”
The Corridor Vc construction project is a collaboration between the authorities of Bosnia and Herzegovina, the European Union, the European Investment Bank and the European Bank for Reconstruction and Development. It is creating safer and better transport connections and opening up new employment and business opportunities in the country.
Photo credit: EIB
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