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

  • Loans will help fund Kazakhstan road project
    May 16, 2013
    The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China. The US$1.07 billion funding package is being provided by the IBRD for 19 years with a five-year grace period and the deal was agreed between the IBRD and the Kazakhstan Government. Further
    Read More
  • New South Wales is seeking financial packers for WestConnex in Sydney
    June 19, 2015
    Investment bank Goldman Sachs will soon be sending out expressions of interest for backers to finance Australia’s biggest road deal, the three-stage WestConnex project to be rollout by the New South Wales government. According to a report by The Australian newspaper, initially around US$1.17 billion will be needed for the first phase of the Sydney toll road project. The first phase will likely cost between nearly $2.35 billion and $3.9 billion. Total cost of all three phases over 10 years could be as
    Read More
  • Kosovo's award-winning green highway construction
    March 20, 2012
    A new highway is proving an economic lifeline for the tiny country of Kosovo – Mike Woof reports. Road projects in Europe rarely meet such widespread public approval and support as the new Route 7 highway being built in the new Balkan state of Kosovo. The first sections of the new road opened to traffic in November 2011, with locals turning out in large numbers to celebrate the event. The official opening was carried out by the country’s prime minister Hashim Thaçi, president Atifete Jahjaga, and members of
    Read More
  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More

Highlighted Content