INTERNATIONAL FINANCE TO HELP BUILD NEW BALKAN ROAD LINKS
May 1st, 2008
BY KEITH NUTHALL
THE WORLD Bank has approved the lending of US$125 million from its International Bank for Reconstruction and Development (IBRD) to Macedonia, to help build new roads in the country. Meanwhile the World Bank's International Finance Corporation (IFC) is to manage the selection of developers to build the planned Euro 2 billion Bar-Boljare motorway, crossing neighbouring Montenegro.
ENDS
THE WORLD Bank has approved the lending of US$125 million from its International Bank for Reconstruction and Development (IBRD) to Macedonia, to help build new roads in the country. Meanwhile the World Bank's International Finance Corporation (IFC) is to manage the selection of developers to build the planned Euro 2 billion Bar-Boljare motorway, crossing neighbouring Montenegro.
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