Slovakia may finance new highway projects with EUR 900mn EIB loan.

By bne IntelliNews June 8, 2011
Transport minister Jan Figel said the country may finance new highway construciton projects with a EUR 900mn loan from the European Investmetn Bank (EIB), SITA news agency reported. Slovakia signed a EUR 1bn open loan with the EIB in the fall of 2010. The EIB financing depends on the quality of the projects and the selection of suppliers for the construction works. In May 2011 the transport ministry announced that Slovakia plans to invest some EUR 5bn in the construction of 130km of highways and dual carriageways in the period from 2011 to 2014. This year some 57.5km of roads will be completed. It is expected that 5.7km will be built in 2012, 21km in 2013 and 46.2km in 2014. Moreover, the construction of another 250km of highways and dual carriageways will start during the 2011-2014 period. The ministry plans to apply for EU financing to fund part of the projects.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Dismiss