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.
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