The European Investment Bank (EIB) approved on two loans in the amount of EUR 150 million to Bosnia, which will finance two sections of the Corridor VC pan-European road link, connecting Budapest and eastern Croatia to the Adriatic coast through Bosnian territory.

The loans, which were signed on Thursday during the visit of European Council President Donald Tusk to Bosnia, are part of the European Investment Bank’s Economic Resilience Initiative aimed at improvement of living conditions and stabilisation of economies affected by conflicts and migrations.

“Bosnia and Herzegovina is showing determination to continue on its path towards European integration and the EIB is ready to help with financing and advice,” said EIB Vice-President Dario Scannapieco. “Today’s loans show what the Economic Resilience Initiative stands for helping countries overcome the consequence of the migration crisis and build a better future for their citizens.”

The EIB has so far signed financing of nearly EUR 2.5 billion for projects in Bosnia, including the one approved on Thursday, the EIB said.