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The development objective of the First Phase of the Sava and Drina Rivers Corridors Integrated Development Program Project for Bosnia and Herzegovina, Montenegro, and Serbia is to improve flood protection and enhance transboundary water cooperation in the Sava and Drina rivers corridors. The project comprises of four components. The first component, integrated management and development of the Sava river corridor will finance investments in renovation and upgrading of flood protection infrastructures to address the increasing risk of flooding due to climate change. It consists of following sub-components: (i) flood protection and environmental management; (ii) waterway improvements; and (iii) enhancement of ports facilities, services, and logistics. The second component, integrated management and development of the Drina river corridor will support multipurpose investments along the Drina to reduce the risk and potential impact of floods. It consists of following sub-components: (i) flood protection and environmental management; and (ii) integrated development of Drina watershed. The third component, project preparation and management will support: (a) preparation of phase II regional activities, and (b) operational costs, consultancies, non-consultancy services, and goods required for the establishment and operation of the national and entity project implementation units (PIUs). It consists of following sub-components: (i) project preparation; and (ii) institutional strengthening and project management. The fourth component, regional activities is key to strengthening of strategic regional dialogue and joint planning as well as sustainable management and development of the shared water resources in the Sava and Drina river basin, including building resilience to climatic shocks. It consists of following sub-components: (i) regional dialogue, project management, and coordination; and (ii) regional plans, studies, and strategies of basin-wide importance.