The European Investment Bank (EIB) has provided €40 million ($47 million) to help reconstruct the urban transport network in the Sarajevo Canton, one of 10 cantons of the Federation of Bosnia.
The financing will replace existing vehicles and build new tramlines and tracks in an effort to modernize and extend the tram and trolleybus networks. These improvements are expected to increase safety and reduce traffic congestion and air pollution in the capital city of Bosnia and Herzegovina, and the surrounding municipalities.
“The COVID-19 crisis imposed a new priority for us as the EU bank — to ensure that the recovery for the pandemic is green,” said Lilyana Pavlova, the EIB vice president responsible for the Western Balkans. “Sustainable mobility is a key step in that direction, and we are glad that we have signed the financing for this important investment for the capital of Bosnia and Herzegovina.”
According to EIB, the establishment of a more efficie