EIB makes A19 loan

By Chris Sleight09 May 2008

The European Investment Bank (EIB) has provided a € 200 million, 37 year loan to Vinci Concession subsidiary Arcour to help finance construction of the A 19 motorway in France.

Arcour won the 65 year concession contract in to build and operate the 100 km A 19 in April 2005. Initial financing came from Vinci in the form of an intra-group loan. This has now been replaced by the EIB loan and commercial debt of € 425 million from a consortium of banks. The commercial loan has a 10 year maturity period.

The A 19 is due to open in the third quarter of 2009, following construction work valued at € 675 million. It is the biggest road building project currently underway in France

The road is expected to improve transport links between Orleans and Sens, and form part of Paris's radial motorway network. The A 19 is also a Trans-European Network (TENs) project

The EIB says it has leant more than € 83 billion to TENs schemes since the initiative was launched in 1993.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Rental rate rises assist Sunbelt to pre-Covid revenue levels
Sunbelt Rentals’ first quarter revenue up 22% on 2020 and 12% on 2019, partly thanks to increasing rental rates
Construction starts on €1bn port in Murmansk
Lavna Commercial Sea Port project to include deep-water berth and railway infrastructure
Hexagon to host live tech summit
Live technology summit to showcase Hexagon’s new autonomous solutions
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA