BUSINESS

EIB and EBRD fund modernisation of Sarajevo’s trams

The Ministry of Transport of the Canton of Sarajevo and Stadler Rail AG today signed a contract for the procurement of 15 trams to replace an existing obsolete tram fleet. The signature ceremony was attended by representatives of the local government, the Swiss embassy and the contractor Stadler, as well as the European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD). These two banks are financing this project to improve the urban transport network in the Canton of Sarajevo through modernisation of the tram and trolley bus networks, replacement of existing vehicles and construction of new roads.

The EIB has already allocated €40 million under favourable terms in 2021 for this important operation that 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.

The EIB representative for Bosnia and Herzegovina and Montenegro Sandrine Friscia made the following comment at the event: “We are glad to see EIB investments are directly changing people’s lives for better. New trams will help reduce commuting times and the number of traffic accidents, thus improving living conditions for everyone. At the same time, they will lower the level of noise and pollution in the city, which will bring us closer to fulfilment of the EU Strategy for the Western Balkans and the EIB climate goals. As the EU climate bank, we want to help the region shift to more sustainable transport options, resulting in a cleaner environment and the capability to mitigate climate changes more efficiently.”

To date, the EIB has invested €1.6 billion in the modernisation of transport infrastructure in Bosnia and Herzegovina, contributing to the construction of modern and safer roads, primarily along the Corridor Vc.

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