European Investment Bank to lend €120mn for Fréjus tunnel

The European Investment Bank (EIB) has signed a financing agreement for a €120mn (US$ 156.2mn) loan designed to improve security conditions within the Fréjus tunnel, connecting France and Italy. The planned installation of a second lane/safety tunnel will to allow traffic to flow one-way on each of the two lanes, with each having a second emergency stop lane. One of the main trans-Alpine transport routes between France and Italy, the Fréjus Road Tunnel runs under Col du Fréjus in the Cottian Alps between Mo
April 12, 2013 Read time: 1 min
The 1054 European Investment Bank (EIB) has signed a financing agreement for a €120mn (US$ 156.2mn) loan designed to improve security conditions within the Fréjus tunnel, connecting France and Italy.

The planned installation of a second lane/safety tunnel will to allow traffic to flow one-way on each of the two lanes, with each having a second emergency stop lane.

One of the main trans-Alpine transport routes between France and Italy, the Fréjus Road Tunnel runs under Col du Fréjus in the Cottian Alps between Modane in France and Bardonecchia in Italy.

For more information on companies in this article

Related Content

  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • EIB lends €900mn for Poland’s S7 and S8 dual carriageways
    December 14, 2012
    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.
    Read More
  • Support for Poland’s A1
    July 6, 2012
    The European Investment Bank (EIB) has in total granted a long-term facility of €1.070 billion for the construction of the second phase of the A1 motorway forming part of the priority trans-European transport network connecting the north of Poland (Gdansk) with the Austrian capital Vienna, via the Czech and Slovak Republics. The loan will finance the construction of a 62km section of the A1 motorway between Nowe Marzy and Torun on the basis of a design, build, finance and operate (DBFO) concession. This con
    Read More
  • Bosnia Herzogovina highway project receiving EBRD loan
    September 12, 2018
    A loan from the European Bank for Reconstruction and Development (EBRD) worth €180 million will help to pay for the construction of the Corridor Vc highway project. This highway is of key importance for the economic development of Bosnia and Herzegovina as it will provide and improved transport connection with Europe. The loan will help to pay for the construction of three new sections of Corridor Vc, measuring some 16km. The loan will be provided in two tranches, with the first of up to €120 million and b
    Read More

Highlighted Content