€90m EIB loan finances improvements to Karavanke tunnel

In:

Social infrastructure

Region:

Europe

The EIB has agreed a €90 million loan to Druzba za avtoceste v Republiki Sloveniji to extend and upgrade the safety of the Karavanke tunnel as part of the project to improve the road connection between Austria and Slovenia.

The EIB loan received guarantees from the Investment Plan for Europe as it addresses a cross-border bottleneck. Karavanke is a key tunnel link on a motorway between Slovenia and Austria, as well as Central and South-Eastern Europe. The project was developed in cooperation with Austrian motorway operator ASFINAG.

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