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About us Motorways of Federation of B&H Ltd Mostar is 100% owned by the Government of Federation of B&H Motorways of FB&H is responsible for managing,

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Presentation on theme: "About us Motorways of Federation of B&H Ltd Mostar is 100% owned by the Government of Federation of B&H Motorways of FB&H is responsible for managing,"— Presentation transcript:

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2 About us Motorways of Federation of B&H Ltd Mostar is 100% owned by the Government of Federation of B&H Motorways of FB&H is responsible for managing, construction, reconstruction, maintenance and protection of motorways and express roads Current objective: Construction of motorways and express roads in Federation of B&H with a special focus on environment and traffic safety

3 Development strategy of Corridor Vc and express roads

4 Corridor Vc Project description Corridor connecting Trans - European countries Kiev - Budapest to the Adriatic Sea Total length of 330 km 285 km of motorway passing through Federation of B&H

5 Current status of Corridor Vc Project 47 kilometers of motorway constructed until year 2012; Construction of additional 54 kilometers is in progress and completion of these works is planned in year 2014; Completion of construction of 101 km planned in year 2014 considered as leverage for future projects

6 Construction plan for Corridor Vc Constructed until 2012 Constructed until 2012 Jošanica – Kakanj 47 km Jošanica – Kakanj 47 km In Construction (36 km) In Construction (36 km) Bilješevo – Drivuša 6 km Bilješevo – Drivuša 6 km Bijača – Zvirovići 10km Bijača – Zvirovići 10km Tarčin – Vlakovo 20km Tarčin – Vlakovo 20km Construction planned for 2013 (18km) Construction planned for 2013 (18km) Svilaj – Odžak 11km Svilaj – Odžak 11km Butila – Vlakovo 4 km Butila – Vlakovo 4 km Drivuša – Klopče 3 km Drivuša – Klopče 3 km PPP project / concession / project partnership PPP project / concession / project partnership IFCs Transaction Advisory Service (38 km) IFCs Transaction Advisory Service (38 km)

7 Finance resources Our finance resources are as follows: Public revenues Toll collection (10 million per year) Tax on fuel in the amount of 5 euro cents per liter (35 million per year) Credit loans PPP / concession / project partnership - option for future constructions

8 EIB & EBRD credit loans and Kuwait fund Motorways of Federation of B&H Ltd Mostar has received credit loans intended to finance current construction: European Investment Bank (EIB) 75 million (grace period = 6 years) 166 million (grace period = 4 years) European Bank for Reconstruction and Development (EBRD) 180 million (grace period = 5 years) Kuwait Fund for Arabic Economic Development 30 million (grace period = 5 years) For all above-listed loans interest rate amounts cca 2% and repayment period ranges from years

9 Project advantages Implementation of closed toll collection system (subsection Kakanj – Jošanica 37 km): generated traffic of vehicles in the period from until Number of vehicles per day: Internal rate of return (IRR) of Project = 13.19%* Project is considered to be feasible from a general society standpoint * Data from Feasibility Study 2006

10 Conclusion The significance of Construction project Corridor Vc reflects on the traffic connection to the international traffic has an impact on the increase of GDP (increase of the employment, increase of the construction sector etc.) Current finance resources are not sufficient to complete the whole construction of Corridor Vc, thus additional finance resources will be provided by additional credit loans or increasing the tax on fuel or other financing model and construction (PPP)

11 Contacts Office in Mostar: Ul. Braće Fejića b.b Tel: Fax: Office in Sarajevo: Ul. Dubrovačka br. 6 Tel: Fax: Thank you for your attention!!!


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