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Fri April 16 2021

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Poland secures €800m funding for expressways

21 Jul 15 The European Investment Bank (EIB) has agreed loans totalling €800m (£556m) for the construction of the Warsaw bypass and sections sections of an expressway in Western Poland.

A €550m long-term loan to Bank Gospodarstwa Krajowego (BGK) will enable construction of 162.5km of the S5 expressway, running between Nowe Marzy, Bydgoszcz and Mielno, and between Wronczyn and Radomicko.

The EU bank is providing a further €250m long-term loan for the construction of the 18.6km southern section of the Warsaw bypass between Pulawska and Lubelska streets. Within this project, the EIB will also support the construction of a new bridge across the River Vistula, which will supplement the strained capacity provided by the eight existing road bridges.  

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 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.”

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