ZAGREB - The European Bank for Reconstruction and Development (EBRD) said on Thursday it had stepped up investment in Croatia's motorways with a€ 60.6-million ($81-million) loan.
The funds granted to the Croatian Motorways will be used to finance the construction of motorway sections of the so-called Vc Corridor, a major transportation route stretching from the Hungarian capital of Budapest to the southern Croatian port of Ploce, through eastern Croatia and
Bosnia-Hercegovina, an EBRD statement said.
"The EBRD places a high priority on developing these transport links that bolster economic development by supporting cross-border trade," it said.
The corridor is to become the most direct route from central Europe to the Adriatic.
So far the EBRD has invested more than €2.35 billion in various sectors of the Croatian economy, including over €400 million for modernisation of the country's transport sector.
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Source: AFP
Publisher: I-Net Bridge
Source: I-Net Bridge
