DIPLOMATIC–CONSULAR OFFICES AND MISSIONS

Sarajevo, October 15th, 2009

Press Release

A Delegation of the Kuwait Fund for Arab Economic Development To Sign the Agreement on Financing a Section of Corridor 5c

The Embassy of Bosnia and Herzegovina in Kuwait has organized a visit of the Delegation of the Kuwait Fund for Arab Economic Development to our country. On this occasion, the Delegation will sign the Agreement on Financing the Section of  Corridor 5c through B&H.

In coordination with the Economic Diplomacy Division of the MFA of B&H, the Delegation, which will arrive in Sarajevo on November 19th, 2009, will hold discussions with representatives of B&H Ministry of Communication and Transport and the Ministry of Finance and Treasury on further involvement of this important institution in financing the construction of corridor that passes through B&H.

The first installment of this favorable loan amounts to about 50 million KM and it should be used to finance a section of the highway near Kakanj.