Connecting Western Balkans countries to each other and neighbouring regions
In the Western Balkans the EBRD plays an important role in promoting regional integration by financing key transport corridors.
During 2015 the Bank supported the modernisation of the national road network in FYR Macedonia with two loans that together total up to €85 million. One loan will finance improvements to a 39-km section of the A4 highway. This is an important trade route to neighbouring Bulgaria that links with the new Miladinovci-Stip highway, which in turn leads to a junction of Pan-European Corridors VIII and X.
Last year the EBRD also signed its first transport deals in Kosovo with a €29 million investment in road infrastructure and a €19.2 million investment in the country’s rail network. Both transactions are aimed at making it easier to travel within Kosovo and at improving connections with neighbouring countries and the rest of Europe.
In Bosnia and Herzegovina, the EBRD provided an €80 million loan to finance the construction of two key sections of Pan-European Corridor Vc. The Bank also extended a €20 million loan to finance the upgrade of road infrastructure in neighbouring Montenegro.
These transactions build on extensive EBRD investments in the railways and roads of the Western Balkans. Modern transport infrastructure that helps to boost trade and cross-border cooperation is one of the Bank’s key priorities in this region.
The project in Bosnia and Herzegovina also aims to raise road safety standards
Modernising transport infrastructure is an EBRD priority in the Western Balkans