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

  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
    Read More
  • Croatia opens 17.5km section of Corridor 5c
    December 14, 2022
    The majority of the 5c, or Vc, route crosses Bosnia and Herzegovina and is a key priority for the European Bank for Reconstruction and Development (EBRD)
    Read More
  • Nepal tunnel project funding from Japan
    December 1, 2016
    Funding from the Japan International Cooperation Agency (JICA) will help with the construction of a new tunnel as well as road links in Nepal. The US$168.56 million funding package comes in the shape of a loan to Nepal’s Government. This will be used to pay for the construction of a 2.5km tunnel that will link Nagdhunga with Naubise. The loan will also pay for the 7km of road on either side of the tunnel. The project is due for completion in 2022 and will fall under the jurisdiction of the Department of Roa
    Read More
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More

Highlighted Content