EIB lends €900mn for Poland’s S7 and S8 dual carriageways

Polish state-owned Bank Gospodarstwa Krajowego (BGK) has signed a €900 million loan agreement with the European Investment Bank (EIB). The money from the loan will be allocated via the National Road Fund (KFD) in the construction of S7 and S8 dual carriageways. The three-section S7 carriageway will be 90.5km long, while the four-section S8 carriageway will stretch over 301km. Both routes will be part of the Trans-European Networks (TEN) system.
December 14, 2012 Read time: 1 min
Polish state-owned Bank Gospodarstwa Krajowego (BGK) has signed a €900 million loan agreement with the 1054 European Investment Bank (EIB).

The money from the loan will be allocated via the National Road Fund (KFD) in the construction of S7 and S8 dual carriageways. The three-section S7 carriageway will be 90.5km long, while the four-section S8 carriageway will stretch over 301km. Both routes will be part of the Trans-European Networks (TEN) system.

For more information on companies in this article

Related Content

  • Construction delays affect Bosnian highway project
    May 10, 2012
    In Bosnia, delays have affected the construction work on the country’s key Corridor 5c highway project. So far 37km of the 336km Corridor 5c highway has been built, with 21km under construction and a further 43km section being cleared for work to commence. Construction work on a section of the Corridor 5c highway is set to commence by the end of September 2011. The section of highway being built is located in Ljubuska and Capljina, with work staring on the 4km Kravica-Bijaca and due for completion in 10 mon
    Read More
  • Strabag leads consortium for planned Polish project
    July 24, 2014
    Austrian contractor Strabag will lead the consortium constructing a stretch of the S7 expressway in Poland. Strabag is teaming up with Heilit+Woerner for the project to build the Trasa Nowohucka section of the S7 linking Rybitwy and Igołomska and lying to the east of Kraków. Construction work is commencing in August/September 2014 and the contract is worth around €130 million. The consortium is handling the upgrading and construction work for some 18.6km of roads in all. The work includes widening a 4.5km l
    Read More
  • Funding for key Russian highway projects
    May 10, 2012
    A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe
    Read More
  • Skanska to start Black Cat upgrade
    November 30, 2023
    The A428 upgrade work in England was awarded in 2021 to create a 16km dual carriageway to improve journeys between Milton Keynes, Bedford and Cambridge, near London.
    Read More

Highlighted Content