EIGHT MILLION USD TO BE INVESTED IN RECONSTRUCTION OF 700 APARTMENT FACILITIES

SARAJEVO, Bosnia (October 20,2007) – The Bosnian Ministry of Human Rights and Refugees in cooperation with the Bosnian Ministry of Finances,the entity ministries for finances and refugees,and the Brcko District government, successfully completed the negotiations with the OPEC Fund for Development, related to the financial aid to the implementation of the project entitled “Sustainable Return of the Refugees and Displaced Persons – Apartment Facilities’ Reconstruction”.

The project will be implemented in the whole of Bosnia and the estimates state that about 700 apartment facilities will be reconstructed. The project is 8 million USD worth. It will be financed by the OPEC Development Fund.

The Bosnian Ministry of Human Rights and Refugees in cooperation with the entities and the Brcko District, has developed a project documentation, feasibility study and has also aligned the financial engagement with the OPEC Development Fund.

The OPEC Development Fond positively marked both the project and the study which meet the EU sharpest criteria. OPEC announced that the cooperation will continue after this project is implemented, The Bosnian Ministry of Human Rights and Refugees announced.