EIB provides €325m loan for construction works on S7 and S8 expressways in Poland
European Investment Bank (EIB) has provided a loan of €325m for the construction of three separate sections of S7 and S8 expressways in Masovian Voivodship, Poland.
The three sections cover a length of nearly 110km and their construction is expected to improve traffic conditions in the region.
The loan will be received by Bank Gospodarstwa Krajowego (BGK) on behalf of the National Road Fund.
EIB Poland vice-president Vazil Hudák 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.”
The S8 expressway is critical in the Polish road network, as it is the only major link from Warsaw to the Lithuanian border and other Baltic states for commercial long-distance traffic and passenger vehicles.
EIB will finance construction of two sections of a dual carriage expressway on S8 between Wyszków and the border of the Masovian Voivodship.
The section on S7 is the last essential missing part of the stretch between Gdansk and Warsaw to comply with an expressway standard.
The EU bank will provide financial support for the construction of a 71km dual carriage expressway between Napierki and Plonsk.
The transport sector is the major beneficiary of EIB loans in the country. Last year, EIB provided more than €1.6bn for different transport projects in Poland.
Image: EIB to offer loan for the construction of three dual carriage sections on the Polish expressways of S7 and S8. Photo: courtesy of European Investment Bank.