Balkans | 303 million euros in grant support from the European Union for infrastructure projects in Bosnia

Home » Balkans | 303 million euros in grant support from the European Union for infrastructure projects in Bosnia
Balkans |  303 million euros in grant support from the European Union for infrastructure projects in Bosnia

On June 30, the European Commission announced a new financial package to support the financing of 14 investment projects in the Western Balkans in the areas of transport, energy, the environment, human capital and private sector support.

The European Union has approved a €303 million grant for infrastructure projects in Bosnia and Herzegovina, with the entire package focused on the country’s Bosniak-Croat federation rather than the Serbian region.

The grant, which is part of Brussels’ €2.1 billion investment package for the Western Balkans region, will support projects that include the construction of two sections of the European North-South motorway, linking Budapest to the Croatian port of Ploce.

The investment package is the fifth step of the European Union within the framework of the Economic and Investment Plan for the Western Balkans.

Other projects to be supported include improving the water supply in the capital, Sarajevo, and rehabilitating the reservoir of a hydroelectric power plant in the south.

All four projects are located in the Bosnian-Croatian Federation rather than in Republika Srpska, one of the two entities that make up Bosnia and Herzegovina.

The Delegation of the European Union in Bosnia did not comment on why projects from the Serbian region had not been approved.

But the European Union of 27 countries had earlier warned the pro-Russian leader of Republika Srpska, Milorad Dodik, to stop his separatist rhetoric and steps that undermined the state of Bosnia and Herzegovina, but avoided imposing any sanctions on him.

The amount announced today, together with additional contributions from EU countries as well as Norway and loans from international financial institutions, represents more than half of the total €528 million approved for the region from the EU’s pre-accession aid fund.

On June 30, the European Commission announced a new financial package to support the financing of 14 investment projects in the Western Balkans in the areas of transport, energy, the environment, human capital and private sector support.

Dayton Agreement

The Bosnian War, the largest massacre in Europe after World War II, ended with the Dayton Peace Treaty.

The treaty began on November 21, 1995 at the initiative of the United States, and was officially signed in France on December 14, 1995 by the President of Bosnia and Herzegovina, Alija Izetbegovic, the President of Serbia, Slobodan Milosevic, and the President of Croatia, Franjo Tudjman.

Under the treaty, Bosnians, Croats, and Serbs were recognized as the “founding peoples of the country”.

According to Dayton, Bosnia and Herzegovina split into two regions, the Federation of Bosnia and Herzegovina (FBIH), with a majority population made up of Croats and Bosniaks, and the Entities of Republika Srpska, densely populated by Serbs.

euronews

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