The World Bank has extended a €50m loan to the Croatian port of Ploce to improve infrastructure.The loan has been extended for the ongoing Trade and Transport Integration Project, which aims to develop trade along the Corridor Vc by improving the infrastructure capacity, efficiency and quality of services at the southern end of the corridor at the Port of Ploce, Ship-Technology reports.
The loan will help finance the total additional costs of €51.3m related to construction of a bulk terminal and bridge the financial gap of €10.4m for the container terminal, which is completed.
The Corridor Vc is an important pan-European transport corridor connecting the EU with the south-east European region, running from the Port of Ploce through Bosnia and Herzegovina into Hungary.
The loan will help finance the total additional costs of €51.3m related to construction of a bulk terminal and bridge the financial gap of €10.4m for the container terminal, which is completed.
The Corridor Vc is an important pan-European transport corridor connecting the EU with the south-east European region, running from the Port of Ploce through Bosnia and Herzegovina into Hungary.