Motorway Company Gets Go-Ahead for EUR 300m EIB Loan

Parliament passed in emergency procedure on Thursday an act on approval and state guarantee for a EUR 300m loan that the Slovenian Motorway Company (DARS) is to take out with the European Investment Bank (EIB).

The loan will facilitate the construction of motorway sections between Pluska and Ponikve, Ponikve and Hrastje, Sentvid and Koseze, Slivnica and Drazenci and Vrba and Peracica.
The money for these sections had been secured with two separate acts that were adopted in 2005 and this year.
However, the new act allows DARS to get the necessary money under more favourable conditions from EIB.
Funds approved under the previous state guarantees (loans would have been taken out from commercial banks) will be cut accordingly.
This is the eights act on state guarantees for loans that DARS will get from EIB.

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