CZK 2 billion loan (equivalent to €79.3 million) will improve Pardubice’s infrastructure in transport, healthcare, education and culture and will improve energy efficiency in public buildings.
The fourth EIB operation with this region included in cohesion programmes will bring EIB support for Pardubice to CZK 5.5 billion (approximately €202 million).
The European Investment Bank (EIB) is lending CZK 2 billion (some €79.3 million) to the Pardubice Region, located in Eastern Bohemia, to finance the implementation of its investment programme. Together with EU grants, the EIB loan will support investments amounting to €223 million, particularly in the transport (45% of the total), healthcare (37%), and culture (9%) sectors, and in the areas of education and energy efficiency (9%).
The investments will help to upgrade the quality and safety of regional roads, which have seen persistent under-investment over a number of years. They will also contribute to comprehensively renovating key public buildings (for health and social care, education, culture and administration), which suffer from either physical obsolescence, low energy efficiency standards or a lack of adequate equipment.
“The EU bank’s support for intra-regional connectivity, road safety and healthcare in the region will contribute substantially to better living standards and competitiveness”, said EIB Vice-President Lilyana Pavlova. “In light of the COVID-19 crisis, we are pleased to be able to dedicate more than a third of the financing under this new operation with the Pardubice Region to a healthcare infrastructure upgrade. We also welcome plans to modernise public facilities for culture and education, which are in line with EU’s regional development and cohesion policy priorities.”
“We have been de facto advocating the adoption of a CZK 2 billion framework agreement with the EIB since 2016, regardless of the current coronavirus crisis. If we want to maintain investment activity in the future and thus help the Czech economy, then it is necessary to adopt this credit framework. The projects that will benefit from this loan include the construction of a central emergency reception pavillion in Pardubice hospital, the construction of a new building for the aftercare hospital in Moravská Třebová, the modernisation of Winternitz's automatic mills and projects for the reconstruction of lower class roads. In this case, it is not possible to use subsidies from the Integrated Regional Operational Programme or the State Fund for Transport Infrastructure,” stated RegionalPresident Martin Netolický.
The EIB signed a second tranche worth €40 million for the rehabilitation of 180 kilometres of road along the five main routes in Montenegro. The loan from the EU bank is complemented by a €1.5 million technical assistance grant awarded under the Economic Resilience Initiative (ERI). It is the first ERI grant to be awarded to a project in the Western Balkans. The total EIB investment worth €80 million is expected to increase road safety and efficiency and facilitate faster economic recovery and regional trade.
The Italian healthcare system is also being reinforced to tackle the emergency situation caused by the COVID-19 pandemic. This is being conducted with the backing of the EU bank, the EIB, which is providing the Italian government with a €2 billion loan covering around two-thirds of the resources needed for the operations contained in the Decree for revival of the healthcare system
The EIB has signed an €11.8 million EU grant with Bosnia and Herzegovina to finance the construction of the 6.9 km-long Tarčin-Ivan section of the pan-European Corridor Vc. The EU grant comes from the Western Balkans Investment Framework (WBIF) and complements an earlier EIB loan worth €40.4 million approved by the EU bank for the same section of the Corridor Vc. For the entire section including the 1 720 m long double-tube Tunnel Ivan, the European Union has provided a total of €23.3 million in grants in addition to financing provided by the EIB and the European Bank for Reconstruction and Development (EBRD), complementing funds provided by Bosnia and Herzegovina. This agreement marks another important step forward for EU assistance to the country in the construction of the Corridor Vc.