The European Investment Bank (EIB) is lending SKK 1.4 billion (approx. EUR 39 million) for upgrading mainly transport infrastructure in the Kosice Self-governing Region.
This is the second direct EIB loan provided to a regional administration in Slovakia, after the Bank has granted a similar loan to the Preљov Self-governing Region earlier this year.
The loan will part-finance priority projects of the 2005-2009 investment programme of the Koљice Region. Selected projects in the area of transport will help rehabilitate over 100 road sections and bridges on the regional network (e.g. road between Michalovce - Zemplinska Sirava - Poruba pod Vihorlatom and bridge in Prakovce).
By modernising the Class II and III roads and improving their safety, the loan will allow the Region to deal with increasing traffic and enhance its growth prospects. The EIB funds will be also used to finance the reconstruction of cultural facilities (e.g. Eastern Slovakian Museum), which will increase the Region's attractiveness for tourists.
by European Investment Bank
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