EBRD to finance overhaul of domestic roadways

The European Bank for Reconstruction and Development (EBRD) is contemplating extending loans of up to euro60 million to road construction firms to repair and subsequently maintain Polish roads. According to plans prepared by the State Roads Directorate (GDDP), the first roads scheduled to undergo repair are those around Krasnik and the Wiszogrod-Wyszkow and Bialystok-Siematycze stretches. The EBRD has appointed an unnamed British firm to prepare the contracts and establish criteria for the functioning of privatized roads in Poland. Companies that land the contracts to administer private roads will have to meet stringent requirements set by the GDDP. The repayment schedule for the loans will be 20 to 30 years.(Rzeczpospolita, p.B2). S.M.