The big EIB borrower
This year the EIB will support Poland with a EUR 3 (zł.12) billion loan, which increases the total value of EIB loans to Poland since 1990 to EUR 12 (zł.49) billion. "This spending will increase in the next financial period 2007-2012", said EIB deputy director general, Thomas E. Hacket.
"Thirty-seven percent of EIB loans to EU new member states went to Poland," says Heinz Olbers, the head of EIB's division for lending operations in Poland.
"A large proportion of the loan to Poland, about 45 percent, goes to transport, especially to motorway and road construction," said Olbers. Indeed, the largest amounts were consumed by projects such as the renovation of various sections at the A4 Motorway - EUR 421 (zł.1,707) million - or upgrading various sections at the E-20 railway line - EUR 440 (zł.1,784) million.
By mid-June, the EIB will have taken the final decision as to the EUR 500 (zł.2,028) million loan to the Gdańsk Transport Company for the construction of the A-1 motorway. By 2008 this highway will join the city of Gdańsk and Toruń. Olbers revealed that the project has received initial approval from the EIB board of directors, and that negotiations should be completed soon.
When asked about financing the construction of the Odessa-Brody pipeline extension, Hacket answered that at this stage, the project is not essential for the Polish economy. "We haven't looked at the project yet," he said.
"Thirty-seven percent of EIB loans to EU new member states went to Poland," says Heinz Olbers, the head of EIB's division for lending operations in Poland.
"A large proportion of the loan to Poland, about 45 percent, goes to transport, especially to motorway and road construction," said Olbers. Indeed, the largest amounts were consumed by projects such as the renovation of various sections at the A4 Motorway - EUR 421 (zł.1,707) million - or upgrading various sections at the E-20 railway line - EUR 440 (zł.1,784) million.
By mid-June, the EIB will have taken the final decision as to the EUR 500 (zł.2,028) million loan to the Gdańsk Transport Company for the construction of the A-1 motorway. By 2008 this highway will join the city of Gdańsk and Toruń. Olbers revealed that the project has received initial approval from the EIB board of directors, and that negotiations should be completed soon.
When asked about financing the construction of the Odessa-Brody pipeline extension, Hacket answered that at this stage, the project is not essential for the Polish economy. "We haven't looked at the project yet," he said.
