EBRD ready to finance reconstruction of water supply network and tram line in Sarajevo Canton

-We are pleased to be able to do more for Sarajevo, we are ready to support projects that are at the top of your priority needs, emphasized today Lin O Grady, Deputy Director for Municipal Structure from the EBRD (European Bank for Reconstruction and Development) headquarters in London, reports the Patria News Agency.

Together with Ian Jennings, a public transport specialist, and Kjetil Tvedt, an economist from the same headquarters, they discussed projects for the reconstruction of municipal infrastructure today with the Prime Minister of Sarajevo Canton, Elmedin Konaković, and ministers in the KS Government.

According to previous agreements, for projects to be realized in the next three to five years, Sarajevo Canton has identified the needs for financing the renovation of the water supply network, the reconstruction of the tram line along with solving the issue of public transport service fees, and investments in vertical transport and artificial snowmaking on Bjelašnica.

-We will officially send you official letters and projects for transport and municipal infrastructure with the elements necessary for further procedure in the next few days. After that, we can sign, as you proposed, a memorandum of understanding that will define the projects and investment plans for the next five years, stated Prime Minister Konaković.

The EBRD is ready to finance the preparation of projects and their implementation, and they emphasize once again that the full technical readiness of the projects and the acceptance of restructuring measures by the responsible utility companies are conditions without which the realization of these loans will not be possible, it was announced from the KS Government.