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Linic says Neum corridor to be for passenger, not cargo transport

SPLIT, May 20 (Hina) - Finance Minister Slavko Linic said on Sunday the Neum corridor in southern Croatia across Bosnian territory, which is planned to be built instead of the Peljesac Bridge, would be intended for passenger and not cargo transport.

"At this moment it's important to find a corridor for passenger transport, while the solution for cargo transport will be not to cross customs zones. Those routes have more or less been approved," Linic said in response to questions from the press in Split.

With regard to the corridor, he said "a common language (must be found) with local authorities which, whether they agree or not, have to be realistic."

Linic said the Peljesac Bridge was neither financially possible nor realistic.

"The bridge should have been completed on 12 May 2012 and only three to 3.5 per cent has been invested in it so far, so every man realises how serious that project was," he said, adding that in the next ten years "we will be too poor with the debt burden" to think about investments such as the Peljesac Bridge which had no economic validity.

Asked if the Neum corridor could be financed with European Union funds, like the Schengen crossings on the Croatian-Bosnian border, Linic said financing sources were not important now "because we have as much as we want."

If not with grants from Brussels, the building of the corridor will be financed with European banks' loans with favourable interest, he said.

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