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Tue November 24 2020

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Poland gets €250m loan for new motorway

11 Nov 13 The European Investment Bank (EIB) is lending €250m (£209m) for construction of a further section of the A1 motorway in Poland.

The EIB loan to Bank Gospodarstwa Krajowego (BGK) will enable construction of a 144km section of dual two-lane tolled motorway on a new alignment from Toru" to Stryków along with associated access roads. This is the second tranche of the EIB finance for the development of this section: the Bank previously provided for this purpose a loan of €350m.

“EIB funds will help to eliminate bottlenecks and reduce travel time on one of the main Polish motorways by providing additional capacity and contributing to improved travel quality and safety. Ultimately, this will strengthen the economic competitiveness of Poland and increase the quality of life of Polish citizens,” said László Baranyay, EIB vice-president responsible for lending in Poland.

“Bank Gospodarstwa Krajowego, in its capacity as the state development bank of Poland, carries out activities mandated by the government. This loan providing funds for the construction of another section of the A1 motorway fits perfectly into BGK’s strategy, which assumes our intensified presence in the sector of transport infrastructure development,” said BGK’s president Mr Dariusz Kacprzyk.

The project belongs to a wider programme of the overall development of 580km of the A1 motorway, which is part of the priority trans-European network (TEN-T) corridors. The A1 motorway links the Baltic Sea across Poland to the Czech Republic and Slovakia to Austria.

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