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The European Investment Bank (EIB) has granted a €465 million loan for investment in improving road safety and rehabilitating Spain’s national road network. Spanish Minister of Public Works Ana Pastor and EIB Vice-President Magdalena Álvarez Arza signed the loan agreement in Luxembourg today.

The loan will finance various infrastructure works including the construction of bypasses and access roads and the upgrading and widening of national roads. It will help to increase the sustainability of road transport by improving safety, reducing traffic congestion and lowering the environmental impact.

The schemes financed by this loan come under Spain’s 2012-2014 Infrastructure, Transport and Housing Plan. Some of the roads concerned also form part of the trans-European transport network (TEN-T) and will therefore also receive financing from the EU Cohesion and Structural Funds. The EU contribution, including the EIB loan, will cover around 59% of the total investment.

Mrs Magdalena Alvarez Arza, Vice President of the EIB and Mrs Ana Pastor, Minister for Public Works
El BEI concede 465 millones de EUR a Fomento para la mejora de la red de carreteras
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Mrs Magdalena Alvarez Arza, Vice President of the EIB and Mrs Ana Pastor, Minister for Public Works
El BEI concede 465 millones de EUR a Fomento para la mejora de la red de carreteras
Photographer: Imedia ©To be defined
Download original
Mrs Magdalena Alvarez Arza, Vice President of the EIB and Mrs Ana Pastor, Minister for Public Works
El BEI concede 465 millones de EUR a Fomento para la mejora de la red de carreteras
Photographer: Imedia ©To be defined
Download original
Mrs Magdalena Alvarez Arza, Vice President of the EIB and Mrs Ana Pastor, Minister for Public Works
El BEI concede 465 millones de EUR a Fomento para la mejora de la red de carreteras
Photographer: imedia ©To be defined
Download original
El BEI concede 465 millones de EUR a Fomento para la mejora de la red de carreteras
El BEI concede 465 millones de EUR a Fomento para la mejora de la red de carreteras
Photographer: Imedia ©To be defined
Download original

Related project(s)

FOMENTO ROAD SAFETY & REHABILITATION

The project concerns a number of investments aiming at improving road safety and environmental impact and it will include schemes located in convergence regions and/or in the TEN-T network

Signed | 05/12/2013