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Bavaria gets 160 mln from EIB to finance a motorway

money will go to the section connecting Munich to Linz

20 January, 12:46
(ANSA) - BRUSSELS - A 160 million loan from the European Investment Bank (EIB) will help to finance the construction of a 33 km motorway section in Southern Germany. Connecting Pastetten and Heldenstein, the section will be part of the A94 project which, once finished, will improve the traffic flow between the Bavarian capital Munich and the Austrian city of Linz. The 4-lane motorway section will be built on the basis of a public-private partnership between the Free State of Bavaria, represented by the Autobahndirektion Sudbayern, and a consortium of three contractors: BAM, Eiffage and Berger Bau.

The consortium, which will receive EIB financing amounting to roughly 50% of the long-term funding requirement, is responsible not only for designing and building the motorway but also for operating and maintaining it. The maintenance and operation of two adjacent stretches, totalling 44 km, are also part of the 30-year contract. The construction is scheduled to start in the coming months and should be completed in the second half of 2019. (ANSA).

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