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Investors - SEPTEMBER 2, 2021

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European banks to finance urban transport improvements in the Canton of Sarajevo

by Released

The Ministry of Transport of the Canton of Sarajevo and Stadler Rail have signed a contract for the procurement of 15 trams to replace an existing obsolete tram fleet.

The European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD) are financing this project to improve the urban transport network through modernization of the tram and trolleybus networks, replacement of existing vehicles and construction of new roads.

The EIB has already allocated €40 million ($47 million) for the operation, which will help tackle some of the issues that the people of Sarajevo face on a daily basis — air pollution, traffic congestion and safety. More efficient and reliable public transportation will enable a shift from private to public transport modes among passengers, delivering multiple benefits for the quality of city life and the environment, alike.

“New trams will help reduce commuting times and the number of traffic accidents, thus impr

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