Minister Primorac told the press that the Ivo Sanader cabinet had decided to earmark 360 million kuna for the construction of a university campus in Mostar.
The first stage of construction works, which should be completed in the next three years, will be financed with 183 million kuna granted by the authorities in Zagreb.
The minister described this as a historic event for Bosnia-Herzegovina as well as for the Croats living in the country.
He said that Mostar University was the only institution of tertiary education in Bosnia with lectures in Croatian and that it could not function without assistance from Croatia.
Primorac added that the financing of the entire project would be transparent, with the Croatian Science and Education Ministry supervising its implementation in compliance with Bosnian legislation.
Of the 865 professors and lecturers working at the university, 250 are visiting professors from Croatia.
(1 EUR = 7.3 kuna)