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The Warsaw Voice » Business » April 30, 2010
Business&Economy
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EIB Loan for Freeways
April 30, 2010   
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The European Investment Bank (EIB) said it will grant Poland a 200-million-euro loan to help it build freeways.

The loan will be used to finance the construction of a 57-kilometer stretch of the A-1 freeway from Maciejów to Gorzyczki via So¶nica, and a 51.3-kilometer section of the A-4 freeway from Zgorzelec to Krzyżowa. The money will also be used to modernize an 8-kilometer stretch of the A-6 freeway from Klucz to Kijewo, officials said.

Previously, the EIB lent Poland 300 million euros to finance road modernization.

Marta Gajęcka, EIB vice-governor in charge of lending to Central and Eastern European countries, said the funds assigned for road construction would help alleviate traffic jams and improve the quality and safety of road infrastructure.

The European Investment Bank is the European Union’s long-term lending institution established in 1958 under the Treaty of Rome. The EIB supports the EU’s priority objectives, especially European integration and the development of economically weak regions.

Since 1990 the EIB has lent Poland a total of 10 billion euros to help finance various transportation projects.
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