EIB: Euro 250 mln for motorway construction Slovenia
Luxemburg – The European Investment Bank (EIB) is providing a EUR 250 million for the construction of 36 km motorway connecting Maribor and the Hungarian border. The new motorway section has a crucial importance for Slovenia as it lies on the pan-European corridor No V linking Sloveniaâ€™s capital Ljubljana with the capital of Hungary Budapest.
The loan will finance the construction of dual two-lane motorway Maribor to VuÄja Vas. It will cope with the increasing traffic, including the transit one, after the Sloveniaâ€™s accession into the EU and it will increase the safety and smoothness of the local and international transport. The project includes also the relocation of public utility lines and the construction of access- and service roads, a toll station and a maintenance centre building.
The EIB supports significantly the development of the Slovenian transport infrastructure. Since 1990 the Bank has granted loans amounting to more that EUR 1.15 billion in this sector representing almost two thirds of the total lending provided by the EIB in Slovenia so far.
Mr. Wolfgang Roth, EIB Vice-President, commented on the loan saying: â€œThe EIB supports the construction of the Slovenian motorways and the implementation of the ambitious Slovenian Motorway Programme. The modern transport network increases the competitiveness of Slovenia and it regions as it will facilitate linkage of the country with its neighbours and deepen Sloveniaâ€™s integration within the EU Single Market.â€