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Tue August 04 2020

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Poland gets €490m funding for highways

16 Oct 14 Poland is set to receive loans worth €490m (£390m) from the European Investment Bank (EIB) for the construction of new sections of the S8, S12 and S17 expressways.

The EIB loans to Poland’s Bank Gospodarstwa Krajowego (BGK) will enabled two separate sections of the S8 to be built adjacent to the Warsaw ring road. There will be a 22km dual two-lane stretch from Radziejowice and a 15km dual three-lane stretch from Marki. The project aims to ease the flow of long-distance traffic around the Polish capital.

The construction of almost 108km of the S17 and S12 expressways from Warsaw through Kurów to Pulawy is also receiving EIB financing.

László Baranyay, EIB vice-president responsible for lending in Poland, said: “EIB funds will help to eliminate bottlenecks and reduce travel time on these expressways to Warsaw 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.”

BGK president Dariusz Kacprzyk added: “EIB loans are a significant source of funding for Polish motorways, next to bond issues and EU funds. So far, BGK has, together with the EIB, managed to provide financial resources for the construction of 808km of highways and 932km of expressways all over Poland.”

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MPU
MPU

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