News in English     | 23.03.2021. 12:00 |

Another 40m euros for public transport in Sarajevo

FENA Press release

SARAJEVO, March 23 (FENA) - Deputy Chair of the Council of Ministers and Minister of Finance and Treasury Vjekoslav Bevanda signed today with representatives of the European Investment Bank (EIB) Mateo Rivellini and Jacopo Lensi Orlandi a financing agreement worth 40 million euros for the Sarajevo City Transport Project.

After the signing of the agreement, Minister Bevanda said that these funds would improve the quality of life of the Sarajevo County residents and help protect the environment.

“It is known how many problems Sarajevo has with city transport, traffic jams, but also air pollution due to all these problems. This project is one of the few that will address these problems. That is why we are grateful to the representatives of the EIB for supporting such a quality and important project for all citizens of Sarajevo, but also for the visitors of this city,” said Bevanda.

He added that this project is of special importance for the residents of the Sarajevo municipality of Vogošća because it refers to the reconstruction of the trolleybus network in order to re-establish public transport on this route.

The project will be implemented through three related projects, and it refers to the procurement of trolleybuses and the reconstruction of the trolleybus network for Vogošća, as well as the construction of the southern longitudinal road.

According to the terms of the agreement, this 40m-euro loan has a repayment period of 25 years, including a grace period of five years, and the loan is allocated to the Federation of BiH, the BiH Ministry of Finance and Treasury said.

(FENA) A. B.

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