Krakow cracks on with funding for bypass, including Trasa Lagiewnicka

The Polish government has secured around €345 million for construction of Krakow's 15km Northern Ring-Road. Work is expected to start in 2019 and completion is set for 2022, according to Polish media. Meanwhile, Trasa Lagiewnicka, the company in charge of constructing a section of Krakow’s third ring road – one of four concentric ring roads, is looking to secure European Union money for the project. The section – called Trasa Lagiewnicka, after the company that will build it, will be 3.7km long and inclu
September 13, 2016 Read time: 1 min
The Polish government has secured around €345 million for construction of Krakow's 15km Northern Ring-Road. Work is expected to start in 2019 and completion is set for 2022, according to Polish media.

Meanwhile, Trasa Lagiewnicka, the company in charge of constructing a section of Krakow’s third ring road – one of four concentric ring roads, is looking to secure European Union money for the project. The section – called Trasa Lagiewnicka, after the company that will build it, will be 3.7km long and include construction of a 1.7km tramway.

The company hopes to secure funds from the European Fund for Strategic Investments which is managed by the European Investment Bank, to cover half the project's costs estimated at around €300 million.

Completion of its first stage is set for the end of 2020.
Finance & Funding

Related Content

  • Tender process underway for Polish road projects
    August 18, 2014
    The tender process is underway for two major projects in Poland. One project involves constructing three sections of the new southern ring road around Polish capital Warsaw. Building the 18.5km stretch that comprises the three sections is expected to cost in the region of €1.6 billion. The Polish General Directorate for National Roads and Motorways (GDDKiA) says that bids have to be submitted by 10th October 2014. The A section will be some 4.6km long, the B section 6.45km long, whilst the C section will be
    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
  • New northern relief road for Moscow
    August 20, 2015
    New Concession Company to build northern relief road of Moscow Kutuzov Avenue – Eugene Gerden writes New Concession Company has won a tender for the building of the Northern relief road of Kutuzovsky Avenue, a major radial avenue in the Russian capital Moscow. The firm is part of Leader company (one of Russia's largest management companies), owned by Yuri Kovalchuk, a well-known Russian businessman, who is reportedly close to Russia’s president Vladimir Putin. It is planned that the building of the n
    Read More
  • Construction to start on Hungary’s revamped M4 project in 2016
    July 7, 2015
    The Hungarian government has announced that it will restart work on a new section of the M4 dual carriageway between Albertirsa and Ullo in 2016. Hungarian media reported that the government will invest around €192 million and no funding will come from the European Union, of which the country is a member. The two towns are around 25.5km apart, with Albertirsa closest to the capital Budapest at around 60km. The project should be finished some time in 2019, according to Hungarian media. The announcem
    Read More

Highlighted Content