EIB extends two new credits to Poland totalling EUR 350mn.

By bne IntelliNews November 29, 2010
The European Investment Bank (EIB) extended Poland two new credits, the bank's representatives said during the agreement signing on Friday. The credit at EUR 225mn was extended to co-finance 40 km of A1 Motorway, and to support with PLN 500mn ( about EUR 125mn) programmes conducted by Lublin city's authorities. The first loan will finance the construction of the Strykow-Tuszyn motorway section. Earlier the General Directorate for National Roads and Motorways (GDDKiA) said that was to sign agreement to construct the section of A1 motorway Strykow-Tuszyn. The cheapest offering ( PLN 1.15bn) was submitted by Polimex-Mostostal consortium. The second agreement will support ten projects focused on upgrading municipal roads, improving public transport and renovating cultural heritage in line with the priorities of the City of Lublin's multi-year investment plan for the period 2009-2015. The city president Adam Wasilewski stressed that the whole activity was very substantial in connection of applying for the European Culture Capital in 2016 by Lublin. Since 1990, the EIB has lent Poland a total of EUR 27.6bn. ISB, tom

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    4 days ago
  2. Saudi Arabia to scale back plans for Neom city
    8 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    4 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  5. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    5 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    18 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    23 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    28 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    21 days ago

Reports

Dismiss