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

  • Upgrading Poland's roads for UEFA 2012
    February 7, 2012
    POLAND has ambitious plans to construct around 900km of new highways in time for the European Football Championships in 2012. With plans in place to cohost the UEFA 2012 football championships with the Ukraine, Poland's road infrastructure is undergoing major developments to bring it up to date with the rest of the European Union. And to ensure the completed roads and pavements meet the required quality standards, Cooper Technology of Derby, UK, was awarded a contract to provide asphalt testing equipment to
    Read More
  • Upgrading Poland's roads for UEFA 2012
    May 2, 2012
    Championships in 2012. With plans in place to cohost the UEFA 2012 football championships with the Ukraine, Poland's road infrastructure is undergoing major developments to bring it up to date with the rest of the European Union. And to ensure the completed roads and pavements meet the required quality standards, Cooper Technology of Derby, UK, was awarded a contract to provide asphalt testing equipment to
    Read More
  • Ecuador’s worryingly high fatal crash rate
    June 21, 2013
    Ecuador’s shocking high road fatality rate is giving cause for concern. Official statistics compiled by the World Health Organisation (WHO) suggest that Ecuador is second only to Venezuela in Latin America with regard to fatalities on the road network. The WHO figures show that Ecuador has an average of 28 deaths/100,000 inhabitants from road crashes, well above the global average of 18 deaths/100,000 inhabitants. Only Venezuela’s even more startling figure of 37 deaths/100,000 inhabitants is higher in Lati
    Read More
  • Brazilian road spend dips slightly for 2015
    July 9, 2015
    Brazil will spend at least US$1.63 billion in privately operated federal road infrastructure projects in 2015. This is down slightly, from $1.82 billion spent in 2014, according to estimates by the land transport agency NTT. Work this year includes a stretch of the BR-050 motorway operated by MGO, which already has seen around $104 million. Road operator Concer, which administers sections of the BR-060, BR-153 and BR-262, invested nearly $88 million between 2014 and the first quarter of 2015. Arter
    Read More

Highlighted Content