By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Bosnia and Herzegovina accelerates highway construction on the path to EU integration
Share
Notification Show More
Latest News
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > World > Bosnia and Herzegovina accelerates highway construction on the path to EU integration
World

Bosnia and Herzegovina accelerates highway construction on the path to EU integration

News Room
Last updated: 2024/11/06 at 4:03 PM
News Room
Share
5 Min Read
SHARE

Bosnia and Herzegovina is currently working on the construction of the transport corridor Vc, a major infrastructure project that aims to connect the Croatian port of Ploče with the Bosnian capital Sarajevo and industrial cities in the region. This ambitious project is seen as crucial for improving traffic interconnections in the Balkans and strengthening ties with the European markets. Despite facing challenges and delays, the European Union has provided significant funding and support for the project, highlighting its importance for economic growth and development in the region.

The highway project is part of Bosnia’s efforts to enhance its infrastructure and competitiveness in order to attract more European companies and investors to the country. With a growing number of European companies setting up production sites in Bosnia due to lower labor costs, the need for better roads and transportation links has become essential for efficient product delivery to European customers. The EU has provided €870 million in grants and cheap loans to help finance the project, which is expected to create jobs, stimulate growth, and improve economic welfare in the region.

The region known as “the iron heart of Bosnia” has a long history of iron processing and manufacturing, but faces challenges in finding skilled workers due to emigration to high-wage EU countries. Companies like NCMC are struggling to meet their production demands and are in need of more workers such as welders, mechanical engineers, and project managers. The outdated railway network in Bosnia has made transport of metal racks expensive, prompting the company to rely on lorries for transportation. The completion of the highway project is expected to improve transportation links and reduce costs for companies like NCMC.

For truck drivers like Armin Mević, the highway project is seen as a much-needed infrastructure improvement that will streamline transportation and border crossings, especially for those traveling to EU countries. The delays and challenges faced by drivers due to poor roads and border controls have highlighted the urgent need for better infrastructure to facilitate smoother trade and travel between Bosnia and the EU. The EU’s investment in the highway project aims to integrate the region into the European Single Market, promoting growth and development that benefits both Bosnia and the EU as a whole.

Despite the progress made in the construction of the highway, there are concerns about whether the project will be completed by the target date of 2030. Bosnia-Herzegovina’s complex political landscape, with three main ethnic groups, could potentially impact the project’s timeline. However, if there is political will and cooperation among the different ethnic communities, the highway project could serve as a symbol of unity and progress for the country. By building bridges, both literally and figuratively, Bosnia-Herzegovina can pave the way for a better future and closer ties with the European Union.

In conclusion, the transport corridor Vc project in Bosnia and Herzegovina represents a significant infrastructure development that aims to improve transportation links, stimulate economic growth, and strengthen ties with the European Union. Despite facing challenges and delays, the EU’s financial support for the project underscores its importance for regional development and integration into the European Single Market. By addressing issues such as corruption, strengthening public administration, and fostering political cooperation, Bosnia-Herzegovina can make significant progress towards completing the highway project and realizing its aspirations for EU membership. Ultimately, the successful implementation of the highway project has the potential to transform Bosnia’s economy, create new opportunities for businesses, and enhance connectivity with European markets, paving the way for a brighter future for the country and its citizens.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room November 6, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Oman signs Memorandum of Cooperation to establish Omani research center at Islamic University of Malaysia.
Next Article Van Nistelrooy denies having any contact with new Manchester United boss Amorim
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE May 27, 2025
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle May 23, 2025
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World May 22, 2025
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto May 22, 2025

You Might also Like

SportsWorld

Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember

May 22, 2025
LifestyleWorld

Moscow Metro Marks 90 Years with Technological Advancements and Heritage Events

May 19, 2025
World

KoçSistem Participates in LEAP Expo as a Leading Tech Brand from Türkiye

February 18, 2025
World

Gunmen murder three Israelis in attack on West Bank bus

January 6, 2025
World

Video: January 6th Midday Latest News Bulletin

January 6, 2025
World

Video: Latest Updates | January 6th Morning News Bulletin

January 6, 2025
World

Sarkozy to stand trial for alleged campaign funding from Gaddafi

January 6, 2025
World

German election 2025: Wer liegt in den Umfragen vorn?

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?