EIB grants PLN 3.4 bln loan for road construction

The European Investment Bank (EIB) is lending PLN 3.4 billion (€800 million) to state-owned lender Bank Gospodarstwa Krajowego (BGK) for the construction of the Warsaw bypass and an expressway in Western Poland. Thanks to the €550 million long-term loan, several sections of the S5 expressway from the A1 motorway near Grudziądz via Bydgoszcz to Wrocław will be constructed. The new expressway sections will have a total length of 162.5 km and run between Nowe Marzy, Bydgoszcz and Mielno, as well as between Wronczyn and Radomicko. The EIB is backing a further €250 million long-term loan for the construction of the 18.6 km southern section of the Warsaw bypass between Puławska and Lubelska streets. As part of this project, the EIB will also support the construction of a new bridge across the Vistula River, which will supplement the strained capacity of the eight existing road bridges.