EIB funds for Greek highway construction

The European Investment Bank (EIB) is throwing Greece a much-needed economic lifeline in the shape of a €550 million loan. The funding will be used to build new roads and repair existing links, as well as to invest in business. Some €350 million will be used for the construction of 239km of new highways, as well as upgrades to 434km worth of existing roads. The work is expected to help lift Greece’s struggling economy by providing new jobs, as well as encouraging business growth. The funding will help to re
November 15, 2013 Read time: 1 min
Greek highway construction will benefit from an EIB loan, which will also help restart projects that have currrently stalled
The 1054 European Investment Bank (EIB) is throwing Greece a much-needed economic lifeline in the shape of a €550 million loan. The funding will be used to build new roads and repair existing links, as well as to invest in business. Some €350 million will be used for the construction of 239km of new highways, as well as upgrades to 434km worth of existing roads. The work is expected to help lift Greece’s struggling economy by providing new jobs, as well as encouraging business growth. The funding will help to restart a number of highway projects that have stalled since the vast hole in Greece’s finances became apparent.
Road Structures

For more information on companies in this article

Related Content

  • Italian highway projects advancing
    December 17, 2012
    Two key highway projects in Italy are exhibiting good progress at present. Construction work on the new Brescia-Milan highway link is now more than 50% complete. The bridges crossing the Serio, Adda and Oglio rivers are 84% complete, while the underpasses and drainage is 49% ready. Service stations, surveying and foundation work is 40% complete while the remaining operations are progressing. Italian road construction firm Brebemi believes that the highway be will be complete and open to traffic by 31 Decemb
    Read More
  • Morocco motorway project funding secured
    March 12, 2019
    Funding has been secured for two motorway widening projects in Morocco.
    Read More
  • Poland plans push-starting project
    February 28, 2012
    In the wake of the difficulties in Poland over the withdrawal of Chinese contractor COVEC from the A2 highway project, the country's government is now looking for a way ahead.
    Read More
  • 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

Highlighted Content