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

  • New bridges for Belgrade
    February 27, 2012
    Work is now underway in Serbia to build a new bridge over the Danube River.
    Read More
  • Bosnia highway project moving forward
    May 25, 2017
    Financing worth €100 million has been secured for a major highway project in Bosnia. The finance package comes in the shape of a loan from the European Investment Bank (EIB). This will help pay for work on the 6km Tunel Kvanj-Buna highway. With financing in place, final discussions will be carried out and then construction will be able to commence shortly.
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More
  • Loans for Georgian roads
    July 20, 2012
    Loans from the European Investment Bank (EIB) and the EU will finance highway work in Georgia. The funds will be used to pay for the construction of the high-speed motor road running from West – East across Georgia. The EIB will give a long-term preferential credit worth €170 million, while the EU will provide a €20 million grant. As part of the project, a four lane highway measuring 52km will be built from Samtrediya – Grigoleti, while the 16km section Grigoleti - Kobuleti stretch will be repaired.
    Read More

Highlighted Content