“The EBRD said on Monday it signed a memorandum of understanding with Bosnia’s two entities which outlines an investment programme of over 700 million euro ($863.7 million) for the development and modernisation of the country’s road infrastructure.

The programme refers to the period 2018-2020.

The MoU was signed between the bank and the ministers of transport and communications of Bosnia’s two entities, the Federation and the Serb Republic, the EBRD said in a statement.

The planned investment programme in the Federation includes the section of Corridor Vc from Poprikuse to Nemila; the tunnel Ivan on Corridor Vc; the section of Corridor Vc from the Mostar South interchange to Tunnel Kvanj; the section of Corridor Vc from Karuse to the inter-entity boundary line in Tunnel Putnikovo Brdo; and the Corridor Vc section between Tunnel Ivan and Mostar South interchange.” (See News)