Austrian funding for Croatian roads

Croatian national motorways company Hrvatske Autoceste (HAC) is receiving funding in the shape of a €100 million loan from Hypo Alpa Adria Bank and Hypo Alpa Adria International, from Klagenfurt in Austria. A guarantee for the loan is being supplied by the Croatian Government. The loan is approved over a five-year repayment period and with a 6.99% interest rate. Funding will be used for liquidity and regular payments to construction firms. The move increases HAC's gearing as it has so far borrowed €80 milli
July 9, 2012 Read time: 1 min
Croatian national motorways company 5454 Hrvatske Autoceste (HAC) is receiving funding in the shape of a €100 million loan from Hypo Alpa Adria Bank and Hypo Alpa Adria International, from Klagenfurt in Austria.

A guarantee for the loan is being supplied by the Croatian Government. The loan is approved over a five-year repayment period and with a 6.99% interest rate. Funding will be used for liquidity and regular payments to construction firms. The move increases HAC's gearing as it has so far borrowed €80 million for this year. However, HAC's investments in 2009 are expected to reach €439.08 million for projects including construction of 9km of the Zagreb-Sisak highway and 32km of the Osijek-Dakovo highway.

For more information on companies in this article

Related Content

  • Funding programme for Sri Lankan rural roads
    November 21, 2019
    A new funding package has been agreed to help pay for Sri Lanka’s rural road development programme.
    Read More
  • Crossing the Alps for five decades
    March 24, 2020
    Italy’s A22 Autostrada route is a key transport connection for Europe and also a model for efficient operational management
    Read More
  • Nepal tunnel project now gathering speed
    August 20, 2018
    After a series of delays a key project to construct a new tunnel connection in Nepal is now moving forward. The country’s Department of Roads is inviting bids for the Ngdhunga Tunnel project, which comes with an estimated pricetag of US$182 million. Around 75% of the necessary funding is being supplied by the Japan International Cooperation Agency (JICA) in the shape of a loan with a 40-year repayment period. The project for the Ngdhunga Tunnel involves building a 2.45km tunnel section between Basnetchhap a
    Read More
  • Poland awards three Expressway S19 sections
    March 11, 2017
    The Polish General Directorate for National Roads and Motorways – GDDKiA –reports that 14 bids have been received for construction of three sections of the S19 dual carriageway. A consortium formed by Pizzarotti and Fundamental Infrastructure pitched the lowest bid for the Krasnik Poludnie - Janow Lubelski Polnoc section, amounting to nearly €80 million. The lowest offer for the construction of the second section – a ring-road around the town of Janow Lubelski – was just over €34 million and made by M
    Read More

Highlighted Content