China is active in Realization of Capital Projects in BiH

October 2, 2017 9:15 AM

The Prime Minister of the FBiH Fadil Novalic received the Ambassador of the People’s Republic of China in BiH, Chen Bo, in the headquarters of the Government of FBiH in Sarajevo, and they discussed achieved bilateral relations and the possibilities for further development and progress.

The focus of their discussion was on economic issues, primarily the realization of projects that were already started in the energy sector such as the Tuzla Thermal Power Plant Block 7 with the capacity of 450 megawatts, and the Thermal Power Plant Banovici with 350 megawatts.

The Prime Minister of the FBiH introduced his guest with the achieved realization of these projects and noted that they are in the final stage and that their concretization should follow soon.

When it comes to the implementation of the project of Block 7 of Thermal Power Plant Tuzla, the contract with the Chinese company Gezhouba has already been signed and they are currently waiting for the approval of the Ministry of Finance of the FBiH, after which the final version will be sent to the Government of FBiH and then to the Parliament of FBiH for adoption. This is expected to happen at the session of the House of Peoples on October 5.

“Additional efforts of both sides will be invested to finally sign and present it at the Summit 16 + 1 (16 Central and Eastern European countries plus NR China), which is planned to take place on November 28, in Budapest,” he said.

The second capital project in the power sector is Thermal Power Plant Banovici, which has already been approved by the Government and the Parliament of FBiH, and they are still waiting for 15 % of domestic funds in order to secure its realization.

“They also talked about the potential investments of their partners from China in the traffic infrastructure in Sarajevo and the construction of the railway Vares – Banovici, for which CRRC Urban Traffic Construction & Investment Corporation from Shanghai showed the interest through the ASA Prevent, and it is the world’ s leading supplier of railway–transport equipment and the construction of the most modern fast trains and railways in the world,” as announced by the Public Administration Office of the FBiH.



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