EIB lends €90 million for expansion of Karavanke TunnelChristian Fernsby ▼ | February 14, 2020
The European Investment Bank (EIB) and Družba za avtoceste v Republiki Sloveniji (DARS) have agreed on a €90 million loan to extend and upgrade the safety of the Karavanke tunnel.
Transport in Europe Karavanke Tunnel
Topics: EIB Karavanke Tunnel
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.
With EIB support, DARS will expand the tunnel with a new tube and renovate the existing tube to comply with the European Union’s safety regulations for tunnels along the TEN T corridor.
A separate €95 million loan from the EIB will provide financing to Austrian motorway operator ASFINAG to connect the existing highway in the country to the new, 8 km-long tunnel. ■