Last year, the European Investment Bank provided EUR 320 million to the Slovak government for transport infrastructure, co-financing priority projects supported by EU funds from 2014 to 2020.
This EIB financing is combined with EU grants from the Operational Programme for Integrated Infrastructure and the Connecting Europe Facility, providing a total amount of EUR 4.7 billion.
This support is crucial for helping to build the missing sections of rail and road networks along strategic trans-European corridors, purchase railway rolling stock and build port infrastructure.
The investments will also develop urban trams, upgrade regional roads and bypasses and implement intelligent transport and management systems for road and rail.
On the infrastructure sector, the EIB has approved 32 individual investment projects, such as the modernisation of the Púchov – Žilina railway line, enabling it to handle speeds of 160 km/h. Projects also include the construction of related infrastructure, integrated terminals and Park&Ride facilities. EIB funds will finance the modernisation of public transport in Bratislava, trams in Košice and trolleybuses in Prešov and Žilina. Other projects involve the reconstruction of national roads, bridges and bypasses in Brezno and Bardejov.
We remind you that at the end of 2018, EIB approved a EUR 115 million for the modernisation of 33 km of rail lines on Puchov – Zilina railway line in north-west Slovakia. The total value of the project is EUR 534 million.
The bank provided Slovakia EUR 631 million in loans, guarantees and equity in 2018, representing an increase of 93% compared to EIB support in Slovakia in 2017.