40 mil EUR for renovation of Šamac-Doboj-Rječica railway – Contract to be signed with EBRD
Council of Minsters of Bosnia and Herzegovina has adopted the initiative of Ministry of fiancé and treasury and named the delegation for negotiations with European Bank for Renewal and Development (EBRD) for concluding the Agreement on loan for the project of Railways of the Republic of Srpska – renovation and modernization of railway section Šamac-Doboj-Rječica, worth 40 mil EUR.
Loan term is 15 years, including three years grace period, allocated to the Republic of Srpska.
Goal of the project is renovation of railway corridor VC through the Republic of Srpska, and includes the renovation of railways in total length of 99 km.
Total funds necessary for the financing of entire section amount to 138 mil EUR, half of which will come out of grants.