The European Investment bank has announced two projects that are part of the strategic transport networks designed to improve north-south connections in Europe.
A €300m loan has been guaranteed to Bank Gospodarstwa Krajowego for the completion of the A1 motorway via the upgrading of the Tuszyn-Czestochowa section. The EIB has also signed a €400m loan agreement to Polskie Linie Kolejowe for the modernisation of the Poznan-Szczecin section of the E59 railway network.
Besides the EIB loans, both road and railway TEN-T projects have benefited from substantial EU grants, providing important financing for the total costs of the projects.