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

  • Major road projects for West Africa
    July 6, 2012
    Two major road projects will help connectivity in West African nations. In Cameroon, a loan from China Eximbank will help fund a key expressway project. Meanwhile in Côte d'Ivoire, a new highway will provide a new link to a major port. The US$466 million loan from the Export-Import Bank of China (China Eximbank) will be used to upgrade the expressway linking Cameroon’s two major cities, Douala and Yaounde. Meanwhile Bouygues Travaux Publics is to build a 6.4km stretch of highway in Côte d'Ivoire, in a contr
    Read More
  • Tanzania road development projects being planned
    March 24, 2017
    A series of major road projects are now being planned in Tanzania, with funding sources for much of the work having been identified and secured. The largest of these is being delivered with a World Bank loan worth US$425 million, which will help pay for transport improvements in Tanzania’s capital, Dar es Salaam.
    Read More
  • Road sector drives European construction’s recovery
    June 27, 2017
    The European road building market is forecast to grow strongly in real terms from now to the end of 2019, as a strengthening economy boosts construction, creating investment and jobs.
    Read More
  • Major new highway project for Mali
    December 4, 2015
    A new highway project is being planned that will help boost the economy of Mali. The landlocked country is one of the most impoverished nations in Africa and this new highway will provide a direct link from its capital Bamako to the port of San Pedro in Côte d'Ivoire. Much of the financing for the project is being provided through a loan worth US$ 187.61 million from the African Development Bank. The new highway link will also help develop the port of San Pedro, which is currently the second largest in Côte
    Read More

Highlighted Content