Corridor Vc in FBH - Part 3 (EBRD-49058)

Countries
  • Bosnia and Herzegovina
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
FBH MOTORWAYS
The holder of the loan, grant, or other investment.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 242.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 205 million
Converted using 2017-08-02 exchange rate.
Loan Amount (USD)
$ 242.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 205 million
Converted using 2017-08-02 exchange rate.
Project Cost (USD)
$ 456.87 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 385.5 million
Converted using 2017-08-02 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 21, 2018

Disclosed by Bank Aug 2, 2017


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Project Description

According to EBRD website, the project will be a provision of a sovereign-guaranteed loan of up to EUR 180 million to the Motorways of the Federation of Bosnia and Herzegovina to construct four new key sections of Corridor Vc with a total length of approximately 15.8 km. The loan is composed of two tranches as follows:

  • Tranche 1 in the amount of up to EUR 120 million to finance the construction of three motorway sections.  
  • Tranche 2 in the amount of up to EUR 60 million to finance the construction of a motorway section from the Mostar South Interchange to Tunnel Kvanj, approximately 8.7 km in length

Further, this project will facilitate BiH's internal and regional integration by improving its key transport infrastructure. The Project will also promote inclusion through the introduction of apprenticeships and work-based learning programmes for young engineers/students to be employed during construction either as permanent employees or as interns.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Project Contact: Jasmin Buco
Email Address: info@jpautoceste.ba
Telephone No.: +387 33 277 900, +387 33 277 901
Website: www.jpautoceste.ba
Office Address: Sarajevo Office Dubrovacka 6 71000 Sarajevo Bosnia and Herzegovina

General enquiries to EBRD: 
Telephone No.: +44 20 7338 7168
Email Address: projectenquiries@ebrd.com

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.