May 9 (SeeNews) – Bosnia and Herzegovina’s Council of Ministers said it has approved a proposal to take an additional loan of 5 million euro ($5.4 million) from the European Bank for Reconstruction and Development (EBRD) for works on the new tram line from Sarajevo’s suburb of Ilidza to Hrasnica.
The loan has a repayment period of 15 years, including a three-year grace period, and carries a Euro Interbank Offered Rate (EURIBOR) interest, the Council of Ministers said in a statement earlier this week.
The Sarajevo Canton will be the final beneficiary of the loan.
The EBRD previously provided a 10 million euro loan for the…