Serbia has allocated 1.18 billion dinars (just over 10 million euros) from its budget reserve to co-finance the construction of the Rača-Bijeljina highway section. This 20-kilometer section is being jointly funded by the Governments of Serbia and Republika Srpska. This marks the second time Serbia has provided funding for this part of the highway.
The Rača-Bijeljina section is part of the larger Vukosavlje-Brčko-Bijeljina-Rača highway, which will span approximately 70 kilometers in total.
Nedeljko Ćorić, Director of Highways of Republika Srpska, stated in an interview with Radio and Television of Republika Srpska last year that Republika Srpska contributed the majority of the funds for this section, while Serbia invested around 10 million euros. He also mentioned expectations for an additional 10 million euros in donations for the project, which were fulfilled with the recent allocation from Serbia’s budget reserve on March 12.
Republic of Srpska President Milorad Dodik previously noted that the total cost of the road construction is 258 million marks, with Republika Srpska already having contributed 100 million marks of its own funds.
Serbia also financed the construction of the bridge over the Sava River on this section, and plans to build an integrated border crossing on its side of the border.
The project is expected to be completed by 2026.
