Sarajevo Urban Roads (EBRD-49840)

Countries
  • Bosnia and Herzegovina
Where the impacts of the investment may be experienced.
Specific Location
Sarajevo
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Bank Risk Rating
B
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.
Voting Date
Dec 11, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Bosnia and Herzegovina Sovereign
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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)
$ 32.63 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 30
Converted using 2020-02-12 exchange rate.
Project Cost (USD)
$ 50.51 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 46.44
Converted using 2020-02-12 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 28, 2020

Disclosed by Bank Oct 14, 2019


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Project Description

According to the Bank's website, this project finances the construction of a twin pipe tunnel in Kobija Glave and connection road to the tunnel (on the 1st Transversal road); and a dual carriage way at the end of the Sarajevo bypass road (on the 9th Transversal road). 

Land acquisition, predominantly of privately-owned land, will be carried out on the 1st Transversal road and 13 temporary commercial structures on municipal land on the 9th Transversal road will be affected, which will result in some physical and economic displacement.

The technical cooperation associated with this project includes: (i) a resettlement framework for the Canton; (ii) technical, economic and environmental due diligence; and (iii) advanced procurement support. 

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

Company Contact

Selmir Kovac
selmir.kovac@dp.ks.gov.ba
+387(0)33 560-402
+387(0)33 560-426
http://www.dp.ks.gov.ba/
71 000 Sarajevo, Hamida Dizdara 1, BiH

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.