Poland with €325 mln financing from EIB for epressways

The European Investment Bank (EIB) will loan €325 million for financing the construction of the parts of the S7 and S8 expressways. The loan will be taken by the state-owned lender BGK and will finance some 110 kilometers of the roads in the Mazowieckie voivodship. “EIB funding will help reduce congestion on roads and shorten travel times, and thus increase capacity, improve driving quality and road safety, and in the long run this will translate into greater competitiveness in the Polish economy and improved quality of life for its inhabitants,” Vazil Hudák from the EIB said. The S8 expressway is currently the only express road linking Warsaw with Lithuania, while the S7 road connects Gdańsk with Warsaw.